Definition of "Legal age"

Marie Cruz real estate agent

Written by

Marie Cruzelite badge icon

Florida Homes Realty

The age at which one is legally capable of entering into binding contracts, signing a deed and negotiating business agreements. In most states this is the age of majority. Normally this is the age of 18. However, for certain activities, such as drinking alcoholic beverages, the age could be higher or lower in the case of qualifying to obtain a driver's license. A contract, deed, or business agreement is not valid when signed by a minor.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

The restitution of a property insurance policy that has lapsed due to nonpayment of premiums. ...

In short, an overage means a surplus or an excess of money. An overage can present itself at a property at an auction where the asset has gone over the asking price. Suppose there’s a ...

A free-standing building having four dwelling units under one roof. Normally a quadriplex is a two-story complex with one dwelling unit located on top of and adjacent to another. Other ...

Bottom of a frame such as a window sill. ...

Borrower who gives property as collateral for a loan. ...

Specific portion of a larger land tract. A parcel can also be a lot in a property subdivision. ...

Founded in 1934 and located in Garden, CA with 1993 membership of 9,000, the IRWA is a professional association of appraisers, property managers, title examiners, and others having interest ...

Contractual provision requiring apportionment. ...

The endorser stipulates something such as that the transferee cannot use the funds for six months. ...

Popular Real Estate Questions