Power of Attorney for Property in Greater Noida
Power of Attorney for Property in Greater Noida is a legal document transferring the legal right of the principal to the attorney to manage and access the principal’s property in the event the principal is unable to do so themselves.
In real estate, the Power of Attorney of Property can be used by individuals who are selling their home but are living overseas and are unable to be present during the sale.
Assets such as real estate, stocks, bonds, and bank accounts that are owned by the principal are included under the power of attorney of property.
Details to be included in Power of Attorney for Property
The powers granted to the Attorney should be clearly explained in the Power of Attorney Deed. The following things should be mentioned in the deed:
- Details of the Grantor- Name, age, occupation, address of the grantor.
- Details of the Attorney- Name, age, father’s name, address, and occupation of the attorney to whom the power is granted.
- Reason for granting the power- The reason for granting the power should be clearly mentioned in the deed.
- Details of the power granted- The detail of what the Attorney is empowered to do and what not to do should be clearly mentioned in the deed.
- The date and Place-The date and place of making the deed should also be mentioned clearly and the date when the Power starts operating should be mentioned separately indeed.
- Signature of Grantor- At the end of the document, and also at the bottom of all pages, the Grantor must place his signature.
- Signature of Two Witnesses- Two Witnesses are required to place their signature with their name, address, telephone number, and date indicating they witnessed the signing of the deed by the Grantor.
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