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How old do you have to be to own property legally?

Cambria, CA |
Filed under: Real estate

In california

Attorney Answers 1

  1. In California, you need to be 18 years old in order to both own and be able to sell or make contracts relating to real property.

    However, under California law, a minor (under the age of 18) may own real property or an interest therein (Estate of Yano (1922) 188 Cal. 645, 649), but a minor may not convey or make contracts relating to real property. (Family Code, § 6701, subd. (b).)

    Therefore, a minor cannot sell or purchase property held directly in his or her own name, and, as a practical matter, transactions involving minor’s interests in real property are usually conducted indirectly, through a guardianship or trust.

    The California Uniform Transfers to Minors Act (Prob. Code § 3900 et seq.) (CUTMA) provides a statutory mechanism for transferring property to an adult “custodian” for the benefit of a minor.