Power of Attorney - real estate firm
1 year ago
We ran a real estate firm where my mother was the Managing Director and my self director,we obtained a piece of land from a family and bought all the shares (2brothers and one sister)had got power of attorney in my mother's name and promoted the project 95%of the plots is sold one plot is still pending and my mother passed away during corona,now I hear that the POA automatically gets cancelled as my mother passed away....what is the procedure for me to legally proceed to sell that left over plot ?
A.Dear Sir,
Yes, after the death of the person executed, the POA automatically gets cancelled. You being the legal heir of your mother you can sell the property by producing death certificate saying that you have inherited her property rights also.
Yes, after the death of the person executed, the POA automatically gets cancelled. You being the legal heir of your mother you can sell the property by producing death certificate saying that you have inherited her property rights also.
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A.Dear Client!
It's true that if the person dies, then POA issued by that person also dies.
I assume that you are from Mumbai.
If the plot is in individual name, then you need to file the Letter of Administration of Estate from High Court at Bombay to get the property transfered in your name. If you are outside Mumbai, then you can approach the reapective district court.
It's true that if the person dies, then POA issued by that person also dies.
I assume that you are from Mumbai.
If the plot is in individual name, then you need to file the Letter of Administration of Estate from High Court at Bombay to get the property transfered in your name. If you are outside Mumbai, then you can approach the reapective district court.
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