Agri Land
Purvi
(Querist) 08 August 2010
This query is : Resolved
Hello,
I have uncle who is official farmer & i am not. I want to purchase some land for investment purpose and he is very reliable person and good familly relations.
I transfer 20 lacs in his account to purchase land. He bought land of 2 lacs only on his name & other amount paid in cash.
He is ready to sign all legal documents to give me future assurance. Accoridng to you, what are the documents can i sign to make legal all the matter.
I want the assurance of money and land in future.
thanks in advance for your support,
Purvi.
s.subramanian
(Expert) 08 August 2010
you take an irrevocable power of attorney from him appointing you as his agent. then you register an agreement of sale in the name of a preson in whom you confide wholy. this must find a place in the encumbrance certificate. in the agreement do not specify any period for performance. you simply keep the time aspect at abeyance stating that you have received the whole sale consideration and would executed the sale deed as and when called upon. these documents will suffice.
Purvi
(Querist) 08 August 2010
Sir, thanks for feedback. Can you please send me with DRAFT of Irr. POA?
s.subramanian
(Expert) 08 August 2010
if you send me the particulars and give me time i shall send you the draft.
Purvi
(Querist) 11 August 2010
Person "XYZ" is my uncle. I am the agent "ABC". Place name "PQA". Thanks for support
