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Go to Domains > Details for the relevant domain and > Change (opposite Owner). This brings you to a form where you can fill-in the data on the new owner.
A confirmation e-mail is sent to both parties. Check the e-mail addresses before starting the operation.
There is a charge for this operation for the following extensions: .am, .be, .me.uk.
If you just want to update the address, phone number or email address, you can simply update owner information.