Do You Have To Be 18 Years Old To Sign A Lease Agreement In New York State?
My daughter signed a lease agreement in May 2007, She was 17 at the time. I thought the legal age to sign a lease agreement in New York state was 18.
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This matter falls under contract law.
In contract law, one of the requirements to determine whether the contract is a legal one is called "competence". In contract law, the term "competence" means the legal capacity to make a contract.
In New York , as in many other states, people are ruled competent to make contracts if they are over 18 years of age (the age of majority), providing they have reasonable mental faculties intact. A minor who makes a contract can rescind or void it, with one general exception, and this is where your daughter will run into problems: A minor contracting for "necessities" is bound to pay for their reasonable value. A "necessity" includes food or shelter. Your daughter is likely bound by and liable for her lease, even though she was 17 when she made this contract...
In contract law, one of the requirements to determine whether the contract is a legal one is called "competence". In contract law, the term "competence" means the legal capacity to make a contract.
In New York , as in many other states, people are ruled competent to make contracts if they are over 18 years of age (the age of majority), providing they have reasonable mental faculties intact. A minor who makes a contract can rescind or void it, with one general exception, and this is where your daughter will run into problems: A minor contracting for "necessities" is bound to pay for their reasonable value. A "necessity" includes food or shelter. Your daughter is likely bound by and liable for her lease, even though she was 17 when she made this contract...
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