Power of Attorney

Power of attorney services enable NRIs to appoint a trusted representative, known as an attorney-in-fact or agent, to handle various real estate matters on their behalf. This legal arrangement allows the appointed individual to make decisions, sign documents, and perform actions related to the NRI’s real estate assets in India. The power of attorney services for NRIs encompass the following aspects:

1. Drafting and Execution: Real estate services assist in drafting a power of attorney document that clearly outlines the scope of authority granted to the appointed agent. The document specifies the tasks the agent can undertake on behalf of the NRI, such as property management, property sale or purchase, rental agreements, and other related activities. Once the document is prepared, real estate services guide NRIs through the execution process, ensuring compliance with legal formalities.
2. Notarization and Apostille: Real estate services help NRIs get the power of attorney document notarized by a competent authority. This involves the verification of signatures and confirming the authenticity of the document. In cases where the NRI resides in a country that is a signatory to the Apostille Convention, real estate services can facilitate the apostille process, which is the authentication of the document for international use.
3. Registration: Depending on the nature of the power of attorney and local regulations, real estate services may assist NRIs in registering the document with the appropriate authorities. Registration provides additional legal validity and serves as proof of the power of attorney’s existence and the agent’s authority.
4. Customization and Specific Instructions: Real estate services work closely with NRIs to customize the power of attorney document according to their specific requirements and preferences. They ensure that the document reflects the NRI’s intentions accurately and includes any specific instructions or limitations regarding real estate matters.
5. Legal Guidance and Compliance: Real estate services provide legal guidance and ensure compliance with the relevant laws and regulations concerning the power of attorney. They stay updated with the legal requirements and help NRIs navigate any complexities or changes in the legal framework.
6. Revocation or Termination: In situations where the NRI wishes to revoke or terminate the power of attorney, real estate services assist in the proper legal procedures. They guide NRIs through the process, ensuring that all necessary steps are taken to revoke the authority granted to the agent effectively.