Does a minor selling or purchasing property have to be assisted by his guardian(s) when signing the Offer to Purchase?

Yes. Where a minor is selling property, the assistance of both guardians is required. This also applies where the minor is registering a bond.

When a minor is purchasing a property, the assistance of one guardian is sufficient.

Further intervention is required in terms of the Master's consent to the alienation or mortgaging of immovable property by the minor and where a selling price or bond amount is over R100000,00, a High Court order is required.

For property transactions, majority status is attained at 18. Often the Court can insist that the sale proceeds be paid into the Guardian's Fund.