Children’s rights in real estate transactions
On June 1, Children's Day is celebrated, we want to talk to you about protecting the rights and interests of children in the real estate sector.
Children can be property owners regardless of their age. Registration of housing for a child gives confidence that upon reaching adulthood, they will be provided with own housing, and no family circumstances can deprive them of this right.
Transactions involving minors require special attention and consent from the tutorship and guardianship authority. This applies to the sale, exchange, donation, lease, pledge, division or reduction of the child's property.
Minors do not have the right to independently dispose of their property. Children under the age of 14 do not participate in transactions at all, and children from 14 to 18 years old can make housing transactions only with the written permission of their parents or guardians.
The housing issued to the child is his exclusive property, and the parents do not have ownership rights to it. They cannot sell, exchange, donate, lease or otherwise dispose of this housing without the consent of the guardianship and guardianship authorities.
When registering real estate for a minor, you can go in various ways: it can be the purchase of an apartment by parents for a child, receipt by will or donation.
If the child is a co-owner of an apartment, then the sale of such housing is possible only if permission is obtained from the guardianship authorities. They can consent to the sale if the minor is provided with a share in another apartment that will not be less valuable or smaller in area.
Thus, the protection of children's rights and interests in real estate plays an important role. We urge all parents and guardians to be responsible and take care of their children's future, ensuring their safety and stability in the real estate sector.
Let's make the world a better place for our children together!
Comments