I saw an advt for sale of beach property in the news paper yesterday. I called the landlord to know more about it. He told me that the property does not have a RTC(RECORD OF RIGHTS, TENANCY AND CROPS) and hence the way i could buy it is that he would give me the power of attorney when i make the payment. So my question is
1. Will this setup of taking the power of attorney without registration cause any problem in future. Problems such as, file cases against me for share etc. Whats are the risks.
2. Will i be able to apply for RTC once i get the power of attorney.
3. Will there be any problem for the govt bodies in future since this is a beach property. This property is in Mangalore, Karnataka
Your response and advise will be much appreciated.
