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Do you want to know what is revocation of power of attorney? Let me explain it to you, why is a power of attorney revoked. If a person is unable to execute a document for any reason, he may empower a third party to do so on his behalf by providing the third party Power of Attorney. The Power of Attorney Act of 1882, as well as other pertinent Indian legislation, govern it.
The Revocation of Power of Attorney in Real Estate is a legal document used by the Power of Attorney signatory to revoke the agent's rights (Attorney-in-Fact).
Grounds for the revocation of power of attorney?The following are the most common grounds for a Power of Attorney being revoked:
It is no longer necessary to have a Power of Attorney;
The Agent can no longer be relied upon
To replace the present agent, a more suitable candidate was selected
This document must be recorded with the same government office that recorded the original Power of Attorney document and then notarized in order to become valid. A notice of withdrawal of Power of Attorney should also be given to the agent.
For more legal query regarding property buy and sell, check out NoBroker legal assistance service.I now conclude my answer on what is revocation of power of attorney.
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What is Revocation of Power of Attorney?
Dona
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2022-03-11T19:37:25+00:00 2022-03-14T17:39:48+00:00Comment
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