A single POA executed by you and your friend, as Principals, in favour of an another friend, as Attorney, to buy the property in Bangalore would suffice.
Special power of attorney
My friend and I are NRIs co-investing in a property (villa house) in Bengaluru. We are planning to give special power of attorney (spoa) to our mutual friend to buy the property on behalf of us. Should we (my friend and I) individually execute a SPOA or just have one SPOA executed with our names listed as principals?
Asked 4 years ago in Property Law
Religion: Hindu
First answer received in 30 minutes.
Lawyers are available now to answer your questions.
11 Answers
Execute separate POA in favour of family member to purchase property on your behalf
it should be attested before Indian consulate
If its single villa house then you can go for the joint SPOA.
If its individual villa house then you can go for single/individual SPOA.
A joint SPOA can be given
Both the principals can appoint a common spoa under one document
Just one SPOA would suffice the purpose.
Dear Sir / Ma'am,
Your friend and you can execute a single document and be joint SPOA's.
Thank You.
Two separate POA needs to be executed establishing the rights and obligations of the holder
Since you are jointly buying the property, you can jointly execute and register the said SPOA.
Even a joint power of attorney deed can be executed by both in favor the chosen friend to get the sale deed executed on their name.
- You both can execute single SPA in his favor for the said specific work
- The said SPA should be notarized as per rule of US , and attested from the office of the consulate of India.
Yes you can do that but need to register the same
