Sole property rights

Querist : Anonymous (Querist) 02 January 2012 This query is : Resolved
Hi!
Me & my wife jointly own a property in mumbai. Even the Home Loan is joint. As i am always touring, i want to give her sole rights to sign any document pertaining to the said property.
What kind of document/agreement we should sign.
Kindly advice.

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V R SHROFF (Expert) 02 January 2012
POWER OF ATTORNEY.

M.Sheik Mohammed Ali (Expert) 02 January 2012
or relinquishment deed also you can make.

Devajyoti Barman (Expert) 02 January 2012
Yes make a registered POA in her favour.

Sailesh Kumar Shah (Expert) 02 January 2012
execute POA for general purposes and no requirement for registration.

However,if you wish to Transfer the property then execute and registered POA.

Advocate Bhartesh goyal (Expert) 02 January 2012
Execute Power Of Attorney in favour of your wife also get it registered.

Deepak Nair (Expert) 03 January 2012
You can issue a General Power of Attorney giving powers to your wife to manage your share of the property.
The Power of Attorney shall be on Rs.500/- stamp paper and needs to be registered.

bhagwat patil (Expert) 03 January 2012
POA is easy way, I don't get why u need such type of arrangement?

prabhakar singh (Expert) 03 January 2012
For purpose stated only a POA with notarization should be executed.No registration required nor advisable.

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