Draft a Power of Attorney to Sell Immovable Property. Assume necessary facts, if required.

CS Professional · Drafting, Pleadings and Appearances · PYQS · June 2024
Draft a Power of Attorney to Sell Immovable Property. Assume necessary facts, if required.

Answer & Explanation:

Power of Attorney TO ALL TO WHOM THESE POWERS SHALL COME, I, XYZ, of Mumbai, Indian inhabitant, send greetings; WHEREAS I am the owner of the land, hereditaments and premises situate at [Insert Property Address] and more particularly described in the Schedule hereunder written; AND WHEREAS I am desirous of disposing of the said property, but am unable to attend to the sale of the said property; AND WHEREAS I am desirous of appointing some fit and proper person to act for me and on my behalf to do all necessary acts, deeds and things in connection with the sale of my said property; NOW KNOW ALL AND THESE PRESENTS WITNESSETH that I XYZ, do hereby nominate, constitute and appoint Mr. ABC, residing at [Insert Attorney's Address] to be my true and lawful attorney to do the following acts, deeds and things for me and on my behalf, namely, - To negotiate for the sale of the said property, more particularly described in the Schedule hereunder written with intending purchasers, to issue advertisements for this purpose, and to sign the Agreement for Sale of the said property, to receive the earnest money from the purchaser, and give proper receipts and discharges for the same. To appoint Solicitors in connection with the sale of the said property and to pay their fees. To apply for, and obtain, all necessary permissions from all relevant authorities, including authorities appointed under the [Insert Relevant Act, e.g., Transfer of Property Act] Act, and to appear before such authorities, if necessary. On receiving the balance of the sale price, to sign and execute the Conveyance and other documents and assurances, in favour of the purchaser, and to do all other acts, deeds and things in this connection. To apply for, and obtain, the Income-tax Clearance Certificate under the Income-tax Act, 1961, in respect of the said property, and to do all other things as may be necessary for this purpose. To appear before the Sub-Registrar of Assurances, and lodge the necessary documents for registration, and to admit execution of such documents. To do all other acts, deeds and things, and to appear before all relevant authorities for effectuating the transfer of the said property in favour of the purchaser. AND I DO HEREBY, for myself, my heirs, executors and administrators, RATIFY AND CONFIRM, AND AGREE TO RATIFY AND CONFIRM, all and whatsoever my said Attorney shall do, or cause to be done, by virtue of these presents. IN WITNESS WHEREOF, I have hereunto set my hand at Mumbai this [Insert Day] day of [Insert Month] , 20 [Insert Year] . THE SCHEDULE ABOVE REFERRED TO: [Insert detailed description of the property, e.g., Plot No., Survey No., Area, Boundaries] SIGNED and DELIVERED by the within named XYZ, in the presence of: Sd/- (witnesses) Before Sd/-..........

Topics: Power of Attorney

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