We want to buy a property that is owned by a minor and his mother. Is it legal to buy this property? Will we get a loan in line with hits property? When the minor comes of age can he ask for his property?
Answered on November 08, 2017
Depending on the religion the sellers follow, they would have to apply for leave from a court of competent jurusiction, before the minor's share in the proeprty can be sold to you. If such leave is obtained, then there is no harm in acquiring the minor's share in the property.
