Special Power of Attorney to Execute Sale Deed (India) by OLL
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Special Power of Attorney to Executive Sale Deed
I, KB, s/o Mr. RB, r/o ……………………. do hereby appoint Mr. RA, s/o Mr. KP as my attorney to do or execute in my name and on my behalf, or otherwise for the sale purpose hereinafter mentioned.
1. That the said attorney shall execute sale deed in favour of Mr. JP s/o Mr. RK r/o …………………….. on a sale consideration of Rs.1,00,000 (Rupees one lac only) and deliver the vacant possession of House No. ………………..to Mr. AR.
2. That the said attorney shall purchase Indira Vikas Patra of the entire amount and deliver the same to my wife Mrs. SG.
I hereby agree that act done by my attorney shall be acceptable to me and shall be binding on me.
IN WITNESS WHEREOF, I have signed this power of attorney in the presence of the following witnesses, on this ………day of……..
Witnesses:
1. ……………….. (Signature)
2. ……………….. (KB)
This document is a special power of attorney designed for a property owner in India. It authorizes a specific individual to execute a sale deed and handle the resulting funds for a residential property.
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About this template
What is this template?
This is a special power of attorney for a single property transaction and is not a general power of attorney. It contains specific mandates for the disposal of sale proceeds through the purchase of Indira Vikas Patra.
When should you use it?
Use this when you need a third party to sign a specific deed and handle the money in India, rather than a General Power of Attorney which grants broader powers.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 1 | Execution of Sale Deed | Authorizes the attorney to execute a sale deed for a consideration of Rs.1,00,000 and deliver vacant possession of the specified house. |
| 2 | Investment of Proceeds | Requires the attorney to purchase Indira Vikas Patra with the entire sale amount and deliver them to the principal's wife. |
| — | Ratification | Confirms that all acts performed by the attorney under this instrument are binding upon the principal. |
Who it's for
- a property owner in India delegating the specific task of signing a sale deed to a representative
- an individual unable to attend a property closing who needs an attorney to handle sale proceeds
How long it runs and how it's signed
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