Power of attorney


1) The Owner of any property can give " Power of Attorney " to how many people?

2) After giving the " Power of Attorney " to someone ( in which it is written the holder has the right to  sell the property ) , Can the owner sell his/her property ?

3) Does the Actual owner has any right in the propery, After giving " Power of Attorney " to Someone?

 
Reply   
 
subregistrar/supdt.(retired)

Dear queriest 1. there is no objection to appoint agents bust suggestable to a maximum of 5. (2) After giving POA, the owner has every right to sell his property, then the POA agent may sell the remaining extent. (3) Yes. Owner has right and he can cancel the POA at any time.

 
Reply   
 



Allow me to add with the answer (3) but before the execution of POA by the agent.
 
Reply   
 
subregistrar/supdt.(retired)

Agent cannot execute POA.

 
Reply   
 

The query is suppose I have given Power of Attorney to Mr X for my property. ( And in Power of Attorney, I have written that Mr X can sell the property ) . Can I sell the property without informing Mr X.
 
Reply   
 

Akshay, after any POA is issued, then the receiver of POA requires to register it in registering office by paying the statutory fees and then he can execute it. If owner wanted to sell the same property, then he can do it, but before the execution of the POA which he has issued.
 
Reply   
 

Thanks a lot ....
 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

Search Forum:








×

  LAWyersclubindia Menu