Legal Question in Real Estate Law in Tennessee
minors owning property
Can a minor own property in the state of Tn.?Could I put a clause in deed that says they cannot sell it until both parents are gone? Parents divorced. Mom owns,child and dad living in home.
Thank You
1 Answer from Attorneys
Re: minors owning property
Yes, minors in Tennessee can inherit and own property. If you attach a restrictive covenant that the property cannot be sold until both parents are gone, that may not be held up in court. The courts in general do not like restrictions that prevent title from being passed to a new buyer. I recommend you pay a lawyer to research this question, because you will have to have a contingent plan for what happens if the owner tries to sell the property before his or her parents have both died. Would the property revert to someone else?
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