If property or an interest in property has been conveyed to a minor and, after arrival at the age of 18, the minor retains the possession or benefit of the property or interest in property, the minor shall have thereby ratified or affirmed the conveyance. The transfer in writing of interest in a bond, mortgage, lease, or other instrument. If a minor has conveyed property or an interest in property, the minor may void the conveyance upon arrival at the age of 18 and, if the minor makes another conveyance at that time, it will void the first conveyance without reentry or repossession. It’s an important legal document in the home buying process.
A deed of conveyance transfers legal property rights from the seller to the buyer. Nothing herein contained shall be so construed as to divest or defeat the older or better estate or right of any person or persons, not party to any such deed. (2) Nothing in this section makes valid an instrument that is for any reason, other than or in addition to the. In real estate, the act of transferring property such as a house or condominium unit from one party to another is known as conveyance.
Voidance and ratification of conveyance to or by a minorĪ deed, security deed, bill of sale to secure debt, or any other conveyance of property or interest in property to or by a minor is voidable unless such minor has become emancipated by operation of law or pursuant to Article 6 of Chapter 11 of Title 15. Validity of registered voluntary conveyance. The intended transfer of a title to a property from one individual to another by a deed is known as voluntary conveyance. § 44-5-41 - Voidance and ratification of conveyance to or by a minorĤ4-5-41. To transfer during one’s lifetime, the owner must use some form of dead of conveyance. View our newest version here 2010 Georgia CodeĬHAPTER 5 - ACQUISITION AND LOSS OF PROPERTY It may be voluntarily transferred by sale, gift, or included in a will.
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