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Updated about 13 years ago,

User Stats

2,498
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280
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Bienes Raices
  • Orlando, FL
280
Votes |
2,498
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Costs of transferring a property from personal name to LLC?

Bienes Raices
  • Orlando, FL
Posted

Does this sound about right?

--$100 to $200 -- county transfer tax

--$300 to reissue or write a new title policy in the LLC's name, since the old policy will be voided by the new quit claim or warranty deed.

--??? attorney fees to "structure" the transaction so that it will not trigger the due on sale clause on the property's mortgage. (My atty told me I needed to do it this way--I emailed him about the cost to do this but he hasn't gotten back to me).

Thanks.

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