Registered conveyance deed9/27/2023 What is a Power of Attorney?Ī power of attorney is merely a document that allows the principal to a transaction to appoint another to serve as their agent, conferring authority on that agent to perform certain acts or functions on their behalf and generally at their behest. The Supreme Court has also ruled that sales conducted under a general power of attorney are not protected by the law. As a result, if you buy a property from someone who has a PoA, the previous owner will still be considered the titleholder. However, The Supreme Court ruled in 2019 that property transfers made through a Power of Attorney (PoA) are not valid. Giving one’s powers to a trustworthy and honourable person to conduct operations such as sales, rentals, and registrations is a common practice. This procedure of delegation of power is known as Power of Attorney (PoA), and it is used when the rightful owner of the power is unable to wield it. As a result, in such scenarios where a transaction requires the presence of a titleholder who is unable to be present, the only legal solution is for that titleholder to get someone else to act on their behalf. It isn’t uncommon for unforeseen circumstances – such as being out of town, illness, or even just being too infirm – to arise those cause persons who own assets, properties, bank accounts, and the like to be unable to properly execute their duties. Do you own a property with a disputed title or one that is located in a restricted area? Are you thinking about buying a house or land with a shaky title? You might want to know more because the sale of such properties brings forth a new set of challenges.
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