Gifting real estate question

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Sep 21, 2011
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Hi all,

My parents are at the age where they want to start gifting assets. They have a rental condo which they want to give next year but because of the structure of the homeowners association, it would be better to maintain at least some ownership stake in it so that they could continue renting it. (if there is a change of ownership, they will not be able to rent their condo).

What is the best way for them to still be in name owners of the condo, yet gift most of the ownership ?

Thanks,

Ryan
 

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