diff --git a/conf/locale/locale_en-US.ini b/conf/locale/locale_en-US.ini
index ba9bef6d52..2d69b48df5 100644
--- a/conf/locale/locale_en-US.ini
+++ b/conf/locale/locale_en-US.ini
@@ -257,6 +257,7 @@ settings.site = Official Site
 settings.update_settings = Update Settings
 settings.transfer = Transfer Ownership
 settings.transfer_desc = Transfer this repo to another user or to an organization where you have admin rights.
+settings.new_owner_has_same_repo = New owner already has a repository with same name.
 settings.delete = Delete This Repository
 settings.delete_desc = Once you delete a repository, there is no going back. Please be certain.
 settings.update_settings_success = Repository options has been successfully updated.
diff --git a/conf/locale/locale_zh-CN.ini b/conf/locale/locale_zh-CN.ini
index 7d10142e62..2022361f82 100644
--- a/conf/locale/locale_zh-CN.ini
+++ b/conf/locale/locale_zh-CN.ini
@@ -257,6 +257,7 @@ settings.site = 官方网站
 settings.update_settings = 更新仓库设置
 settings.transfer = 转移仓库所有权
 settings.transfer_desc = 您可以将仓库转移至您拥有管理员权限的帐户或组织。
+settings.new_owner_has_same_repo = 新的仓库拥有者已经存在同名仓库！
 settings.delete = 删除本仓库
 settings.delete_desc = 删除仓库操作不可逆转，请三思而后行。
 settings.update_settings_success = 仓库设置更新成功！
diff --git a/gogs.go b/gogs.go
index d3aa43778a..6f32b747a2 100644
--- a/gogs.go
+++ b/gogs.go
@@ -17,7 +17,7 @@ import (
 	"github.com/gogits/gogs/modules/setting"
 )
 
-const APP_VER = "0.5.0.0910 Beta"
+const APP_VER = "0.5.0.0912 Beta"
 
 func init() {
 	runtime.GOMAXPROCS(runtime.NumCPU())
diff --git a/models/repo.go b/models/repo.go
index 341e7e47a1..25876872eb 100644
--- a/models/repo.go
+++ b/models/repo.go
@@ -644,12 +644,20 @@ func RepoPath(userName, repoName string) string {
 }
 
 // TransferOwnership transfers all corresponding setting from old user to new one.
-func TransferOwnership(u *User, newOwner string, repo *Repository) (err error) {
+func TransferOwnership(u *User, newOwner string, repo *Repository) error {
 	newUser, err := GetUserByName(newOwner)
 	if err != nil {
 		return err
 	}
 
+	// Check if new owner has repository with same name.
+	has, err := IsRepositoryExist(u, repo.Name)
+	if err != nil {
+		return err
+	} else if has {
+		return ErrRepoAlreadyExist
+	}
+
 	sess := x.NewSession()
 	defer sess.Close()
 	if err = sess.Begin(); err != nil {
@@ -717,12 +725,6 @@ func TransferOwnership(u *User, newOwner string, repo *Repository) (err error) {
 			}
 		}
 
-		if _, err = sess.Exec(
-			"UPDATE `user` SET num_repos = num_repos + 1 WHERE id = ?", u.Id); err != nil {
-			sess.Rollback()
-			return err
-		}
-
 		// Update owner team info and count.
 		t.RepoIds += "$" + com.ToStr(repo.Id) + "|"
 		t.NumRepos++
@@ -933,9 +935,9 @@ func GetRepositoryByRef(ref string) (*Repository, error) {
 }
 
 // GetRepositoryByName returns the repository by given name under user if exists.
-func GetRepositoryByName(userId int64, repoName string) (*Repository, error) {
+func GetRepositoryByName(uid int64, repoName string) (*Repository, error) {
 	repo := &Repository{
-		OwnerId:   userId,
+		OwnerId:   uid,
 		LowerName: strings.ToLower(repoName),
 	}
 	has, err := x.Get(repo)
diff --git a/routers/repo/setting.go b/routers/repo/setting.go
index 80a064492e..2354fbc13f 100644
--- a/routers/repo/setting.go
+++ b/routers/repo/setting.go
@@ -113,7 +113,11 @@ func SettingsPost(ctx *middleware.Context, form auth.RepoSettingForm) {
 			ctx.RenderWithErr(ctx.Tr("form.enterred_invalid_owner_name"), SETTINGS_OPTIONS, nil)
 			return
 		} else if err = models.TransferOwnership(ctx.Repo.Owner, newOwner, ctx.Repo.Repository); err != nil {
-			ctx.Handle(500, "TransferOwnership", err)
+			if err == models.ErrRepoAlreadyExist {
+				ctx.RenderWithErr(ctx.Tr("repo.settings.new_owner_has_same_repo"), SETTINGS_OPTIONS, nil)
+			} else {
+				ctx.Handle(500, "TransferOwnership", err)
+			}
 			return
 		}
 		log.Trace("Repository transfered: %s/%s -> %s", ctx.Repo.Owner.Name, ctx.Repo.Repository.Name, newOwner)
diff --git a/templates/.VERSION b/templates/.VERSION
index 18a13b3a73..e53dedcbf4 100644
--- a/templates/.VERSION
+++ b/templates/.VERSION
@@ -1 +1 @@
-0.5.0.0910 Beta
\ No newline at end of file
+0.5.0.0912 Beta
\ No newline at end of file
diff --git a/templates/repo/view_file.tmpl b/templates/repo/view_file.tmpl
index fb05945b9f..96efcdac54 100644
--- a/templates/repo/view_file.tmpl
+++ b/templates/repo/view_file.tmpl
@@ -14,7 +14,7 @@
     </p>
     <div class="{{if .ReadmeExist}}panel-content markdown{{end}} code-view">
     	{{if .ReadmeExist}}
-    	{{.FileContent | Str2html}}
+    	{{if .FileContent}}{{.FileContent | Str2html}}{{end}}
         {{else if not .IsFileText}}
         <div class="view-raw">
             {{if .IsImageFile}}