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Author Topic: property purchase from minor  (Read 615 times)

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Offline anandanand

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property purchase from minor
« on: May 15, 2015, 12:33:06 AM »
We are in the process of buying a property which is owned by a minor n his mother.

We want to know if its legal top buy the same. will we get loan on it. what if the minor turns 18 n tells us to return his property.

Kindly let me know.

Offline saravanan.s

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Re: property purchase from minor
« Reply #1 on: May 15, 2015, 02:46:29 AM »
a minors share in the property can be sold only after convincing the court that the sale is in the interests of the minor and getting permission for doing the same.otherwise its just inviting trouble

 

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