2007-10-28 00:22:29 · 3 answers · asked by silly_bitch 2 in Business & Finance ➔ Renting & Real Estate
There is no limit on how young a person can be to OWN property, but you must be at least 18 to PURCHASE property in the U.S. When you purchase property, you have to enter into a contract, and minors lack the legal capacity to do that. However, a minor can inherit or be given property. If that happens, a guardian is appointed by the courts to manage the property for the child until the child turns 18.
2007-10-28 13:08:04 · answer #1 · answered by mcmufin 6 · 0⤊ 0⤋
Depends on your state laws. Some say 18 yrs old is old enough to sign a legal contract, while some say 21 yrs. old. Check with a realtor in your area.
2007-10-28 11:51:14 · answer #2 · answered by kimmamarie 5 · 0⤊ 0⤋
18. legal to sign a contract.
2007-10-28 07:31:46 · answer #3 · answered by womanofghostbear 5 · 1⤊ 0⤋