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My wife along with 1 sister and 2 brothers jointly co own a property in UP. This property is to be rented to a bank and lease agreement to be entered . One of the owner since living in USA has executed Power of attorney in favour of my wife for representing him/signing the lease agreement on his behalf and sent to her after getting it attested by public notary. Bank however is asking for registration of this POA. Wd like to know whether notorized POA in itself not sufficient ? If no then how & where at Gwalior the holder can get the notorized POA registered?
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A. Kindly engage a local expert for the same.
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ARPIT BATRA Exp: 11 Year(s) South Delhi

ROHITH R

Posted 6 months ago

Hi, I want to purchase a flat but the owner is not present in India and he cannot stay here for more days. His suggestion is that he can come for sale deed registration. Since I am taking home loan, I have execute sale agreement first and then the sale deed. So my question is 1. Is GPA valid for sale agreement? Their son-in-law is present in bangalore ( they have 2 children, one son-in-law is in bangalore) 2. They have not executed GPA till now, is the presence of owner is required in bangalore to perform GPA? Without the presence of owner how can we execute GPA. Owner is in Quotar so notarized GPA will work? 3.i have not met owner till now, so how can I make sure that no cheating is happening. I have to pay 15%amount during sale agreement
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A. It used to valid until recently when the Apex Court put an end to it. Regards
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ARPIT BATRA Exp: 11 Year(s) South Delhi
Rent earned through my house should not be considered under my income and ultimately taxable through my account. Can POA favoring my relatives regarding rental income and others be executed for the purpose and will be valid? Will it address my concern of taxable income?
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A. Pl engage a local expert for the same to be on a safe side.
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ARPIT BATRA Exp: 11 Year(s) South Delhi

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