General power of attorney for leasing and property management
Amitava Dasgupta
(Querist) 24 June 2015
This query is : Resolved
Hi,
I am moving abroad and leasing out my property in Hyderabad. In my absence, my friend would look after the property and sign rental contracts. I am giving a GPA to him to manage the property and sign the contracts.
Is GPA recommended for this purpose?
Do I have to specify exact property and the exact privileges that would be granted through the GPA?
Thanks,
Amitava
Hemant Agarwal
(Expert) 27 June 2015
1. POA may be given only to very very trusted persons.
2. Insert a clause that the POA is for so and so period and ONLY for so and so action ONLY. Further mention that the POA will become infructuous & expire on so and so date.
Keep Smiling .... Hemant Agarwal
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Rajendra K Goyal
(Expert) 05 July 2015
The POA should clearly mention the scope and terms and should avoid to give full powers like power to sell/ mortgage/ gift / assign etc. rights of the property to agent.
