We are all aware that a person who is elderly or travelling overseas create a Power of Attorney to look after and manage their property. A power of attorney is a legal document that can be signed by anyone in favour of a family member or another individual they have faith in.
Draft of Power of Attorney to look after and manage the property
POWER OF ATTORNEY
THIS POWER OF ATTORNEY is executed on this ______day of July 2023 by Shri ………………………., S/o ………………………., R/O……, ………………., …… ……… (hereinafter called the “Executant”) of the FIRST PART in favour of his brother Shri ………………………., S/o ………………………., R/O……, ………………., …… ……… (hereinafter called “Attorney”) of the SECOND PART.
WHEREAS party of the First Part and the Second Part are the joint co-owners of the entire third floor, along with roof rights, of property bearing no. ……, ………….., ……………. (hereinafter referred to as the “Property”).
AND WHEREAS the party of the First Part is going abroad and is therefore not in a position to look after and manage the aforesaid property
AND WHEREAS the party of the First Part is desirous of appointing his brother and the joint co-owner of the aforesaid property, as his agent to properly and effectively manage, do the following acts, deeds and things and to exercise all the powers hereby conferred:
- To negotiate and let out, hand over possession, execute lease deed and receive rent, security, advance rent in his name or in the name of any other person and to appear on my behalf before any authority to accomplish the aforesaid purpose.
- To enter into agreement to sell, issue receipts, execute sale deeds, appear before the Sub-Registrar, and get the same duly registered in the name of the buyer or his nominee, representative or assign.
- Generally to do and perform all acts, deeds, matters and things necessary and convenient for all or any of the purposes aforesaid and for giving full effect to the authorities herein before contained fully and effectually.
- To represent me in the office of the Sub-Registrar, New Delhi or any other authority to make payment of any charges including interest, penalties, if any, and any other amounts due and payable to the aforesaid authorities and to sign and deliver any letter, document and/or representation in connection with the said property.
- To represent me before the offices of President of India, Income Tax Department, MCD or any other government or local authority, local body, and make statements, execute documents and do any and all deeds, matters and things as may be required under law. The said attorney is also authorized to appoint, engage and avail services of any advocate, legal attorney and pleader on my behalf and to represent me, make statement(s), affidavit(s), compromise, in any legal matter / dispute pertaining to the aforesaid property.
- To represent me, and act for me and sign all papers on my behalf for all purposes including naming my nominee(s).
- To appoint any other persons delegating the powers hereby vested.
- To do all acts, deeds, matters and things incidental thereto.
- I hereby ratify and confirm and promise at all times to ratify and confirm that whatever the said attorney shall lawfully do or cause to be done under and about the premises aforesaid by virtue hereof including anything which shall be done between the revocation of this deed and notice of such revocation reaching the attorney.
- I hereby declare that as against me and the persons claiming under me everything which the said attorney shall lawfully do or cause to be done in pursuance of this deed after such revocation as aforesaid shall be valid and effective in favour of any persons claiming the benefits thereof who before doing the same shall not have express notice of such revocation and hereby agree to indemnify the said attorney against all acts, charges expenses and losses which the attorney may incur in the lawful execution of the powers hereby conferred upon the said attorney.
And I do hereby agree and undertake to ratify, confirm and be bound by what my said attorney shall do or cause to be done by virtue of these presents as if the same have been done by me personally.
IN WITNESS WHEREOF We, the Executant and the Attorney, do hereby set our hands on this Power of Attorney at New Delhi on this _______day of July 2023 in the presence of the following witnesses who have signed in our presence and we have signed in their presence.
EXECUTANT
WITNESSES:
1.
2.
I ACCEPT THIS POWER OF ATTORNEY
Sh……………………….,
S/o ………………………,
R/o ….., ………………..,
………………………………