A special power of attorney for the rental of real estate is a document authorizing a person to rent real estate on behalf of the owner of such real estate. All the rights and obligations of the lawyer are mentioned in detail in the document. Only the rights mentioned in the document are available. Therefore, the document must be developed in detail taking into account the different aspects of the transaction. The rights usually refer to the deed of rental and the registration of it. Details of obtaining the rental value, the initial payment and how this cash will be transferred to the client must also be given, as well as the formalities to be completed at the sub-registration office. If you make a permanent power of attorney or if you indicate the sustainability factor in the deed, it simply means that the powers remain effective when the procuring entity becomes unable to act. As a general rule, the lawyer`s powers are opened when the client is unable to work, if the permanent condition is not included. The power agent submits it to the judicial SRO which, after verifying the authenticity and identity of the power agent, registers them with the power agent who pays the stamp and registration fees required for this POA. General Mandate: Is used when the power is given by a person to his agent to act on his behalf, in general. It may include the authorization to operate bank accounts, the registration of real estate in the name of the principal, etc.
I authorize my attorney above to do the following actions, deeds and things on my behalf and on my behalf: – In this sense, the sponsor entrusts the attorney with the power to act in the name of a single specific purpose, and the power ceases to exist as soon as the goal is completed or executed. The transaction can be individual or multiple, as indicated. For more information, see the Special Power of Attorney section. All the powers conferred on the lawyer are of course revoked by law. The lawyer is unable to act on behalf of the dealer. If there is a will, it will come into effect. There are two types of POA. It can be a general POA or a special POA. A general power gives the person all the powers necessary to act in a general situation. A special power of attorney is given to execute for particular purposes such as collecting rents, etc.
Anyone who is not a minor may be appointed as a lawyer. He should be sane. For the POA to be legally valid, it must be signed by both parties with two witnesses. The lawyer is executed on stamp paper of reasonable value. It is not always necessary to register the power of attorney, unless it is the transfer of the right of ownership. The lawyer may continue the drafting of the deed of rental and conclude the registration of it. . . .