AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
if I want to purchase a condominium as a gift to one of my daughters, can I get a lawyer to write up something which states that my daughter cannot sell away that condominium in future without the approval of my other 2 daughters whose names are not in the condominium, unless when sold they all have to get equal share of the amount sold.?
0 •
487 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Mike Lim
Replied
Morning,

What you are doing is adding encumbrance to the unit, using legal documentation. It can be done but you will need to understand that encumbrance will have it's restriction. Property owner/s are also to be at least 21 years old at the age of being granted such gift.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions