PARTICIPATION OF PARENTS IN REAL ESTATE TRANSACTIONS INVOLVING MINORS

Transactions involving the alienation of real estate owned by minors are subject to notarization. Therefore, the question arises as to whether it is advisable to obtain consent from both parents for such transactions. The author cites the existing judicial practice on this issue and concludes that it is sufficient to obtain one parent’s consent to the transaction in the child’s best interests. The guardianship and custody authority, as well as the notary, will serve as public guarantors of the child’s interests. The other parent has the right to challenge such a transaction in court by proving that it contradicts the child’s best interests.