Power Of Attorney For Real Estate Transactions In India
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How to fill out Alabama Special Or Limited Power Of Attorney For Real Estate Purchase Transaction By Purchaser?
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FAQ
Firstly, an attorney from India must draft the POA, and the NRI and two witnesses should sign this agreement. The notarization of the document should be done in the presence of a Notary Public. Further, it must be sent to the Indian Consulate for his/her signature.
(Description of property)?????., so I, hereby nominate and appoint Shri/Smt?????..?????? R/o?????? as my true and lawful Attorney to act for and on my behalf and I authorize and empower him to do the following acts, deeds and things on my behalf:- 1. . To rent the aforementioned property by leave and license agreement.
It is mandatory that the Power of Attorney should be notarised by a Notary Public. 1. The Power of Attorney should be first typed on a plain sheet of paper. Each page of the Power of Attorney is to be signed and wherever the blanks are filled in initialed by the Grantor (all applicants to the loan).
An important point to note here is that the NRIs can use a specific POA if they want to authorise a person to buy or sell a property on their behalf. However, the POA must necessarily be registered in India after the payment of stamp duty.
Include the details such as: Your name and complete address. The name and complete address of the attorney. description of the powers granted. The duration for which the POA is valid. Signatures of the principal (you) and two witnesses.