Transfer Property With Restrictions of Saleing

ggcasares · Joined: 12 Nov 2009 Posts: 2 1.74 Dollars($)

Good Morning.

I wish to transfer some apartments to my brother. Is there a deed in which I can set restrictions. I'm afraid that he might sale the apartments right after he takes full owner-ship.

Also, I have two properties that are not paid-off yet. There is no house on these lots. I wish to transfer those to him as well. Would I have to do three different deeds or just one that would cover all property transfers?
Thank you

jameshogg · Posted: Thu Nov 12, 2009 10:59 pm Post subject:

Hi ggcasares,

You can contact an attorney and draft a quitclaim deed mentioning the required restrictions. Thus, your brother will not be able to sell off the property immediately after you transfer it to him.

As there are 3 different properties that you want to transfer, I think you would require three different quitclaim deeds.

Thanks

All times are GMT - 7 Hours

Page 1 of 1