close
    1. Home
      2. ›
    2. Politics & Government
      3. ›
    3. Law & Ethics
      4. ›
    4. Can minors own a property in Alberta
    Can minors own a property in Alberta

    Answer this
    0  Views: 640 Answers: 1 Posted: 11 years ago
    Comment this question

      1 Answer

      It seems that minors can own property:


      Buying and selling property of any kind requires a contract. Therefore, you generally have to be age of majority, as minors can usually only enter into restricted kinds of contract.
      If you own land, your parents or your trustee(s) will usually have to take care of any transaction involving the land. Since it is still your property, if someone wants to sell your land, they will have to go to court and explain why the sale is necessary. You may also have to provide a formal agreement to the transaction. 


      Source: http://www.law-faqs.org/wiki/index.php/Youth_and_the_Law_in_Alberta/Financial_and_Legal#How_old_do_I_have_to_be_to_buy.2Fsell_property.3F

      11 years ago. Rating: 4
      Comment this answer



        Did this answer your question? If not, then ask a new question.

        Top contributors in Law & Ethics category

         
        ROMOS
        Answers: 163 / Questions: 0
        Karma: 10440
         
        Colleen
        Answers: 312 / Questions: 0
        Karma: 8825
         
        Benthere
        Answers: 10 / Questions: 0
        Karma: 8505
         
        jhharlan
        Answers: 114 / Questions: 0
        Karma: 6735
        > Top contributors chart
        517741
        questions
        752691
        answers
        861898
        users