diff --git a/aptos-move/framework/aptos-framework/doc/object.md b/aptos-move/framework/aptos-framework/doc/object.md
index cb633a173bf6c..7ae33a425ee25 100644
--- a/aptos-move/framework/aptos-framework/doc/object.md
+++ b/aptos-move/framework/aptos-framework/doc/object.md
@@ -2301,15 +2301,16 @@ Return true if the provided address has indirect or direct ownership of the prov
 
 <pre><code><b>public</b> <b>fun</b> <a href="object.md#0x1_object_owns">owns</a>&lt;T: key&gt;(<a href="object.md#0x1_object">object</a>: <a href="object.md#0x1_object_Object">Object</a>&lt;T&gt;, owner: <b>address</b>): bool <b>acquires</b> <a href="object.md#0x1_object_ObjectCore">ObjectCore</a> {
     <b>let</b> current_address = <a href="object.md#0x1_object_object_address">object_address</a>(&<a href="object.md#0x1_object">object</a>);
-    <b>if</b> (current_address == owner) {
-        <b>return</b> <b>true</b>
-    };
 
     <b>assert</b>!(
         <b>exists</b>&lt;<a href="object.md#0x1_object_ObjectCore">ObjectCore</a>&gt;(current_address),
         <a href="../../aptos-stdlib/../move-stdlib/doc/error.md#0x1_error_not_found">error::not_found</a>(<a href="object.md#0x1_object_EOBJECT_DOES_NOT_EXIST">EOBJECT_DOES_NOT_EXIST</a>),
     );
 
+    <b>if</b> (current_address == owner) {
+        <b>return</b> <b>true</b>
+    };
+
     <b>let</b> <a href="object.md#0x1_object">object</a> = <b>borrow_global</b>&lt;<a href="object.md#0x1_object_ObjectCore">ObjectCore</a>&gt;(current_address);
     <b>let</b> current_address = <a href="object.md#0x1_object">object</a>.owner;
 
diff --git a/aptos-move/framework/aptos-framework/sources/object.move b/aptos-move/framework/aptos-framework/sources/object.move
index abca67bb2451a..bb6684ff6f430 100644
--- a/aptos-move/framework/aptos-framework/sources/object.move
+++ b/aptos-move/framework/aptos-framework/sources/object.move
@@ -662,15 +662,16 @@ module aptos_framework::object {
     /// Return true if the provided address has indirect or direct ownership of the provided object.
     public fun owns<T: key>(object: Object<T>, owner: address): bool acquires ObjectCore {
         let current_address = object_address(&object);
-        if (current_address == owner) {
-            return true
-        };
 
         assert!(
             exists<ObjectCore>(current_address),
             error::not_found(EOBJECT_DOES_NOT_EXIST),
         );
 
+        if (current_address == owner) {
+            return true
+        };
+
         let object = borrow_global<ObjectCore>(current_address);
         let current_address = object.owner;