A "Sale cum General Power of Attorney" is a legal document that combines both a sale deed and a general power of attorney (POA). This document is commonly used in certain jurisdictions, including India, where a property owner grants someone else the authority to sell the property on their behalf and also gives them general powers to act on their behalf in other matters.
Here are some key points to understand about a Sale cum General Power of Attorney:
1. Sale Deed: The document includes provisions for the sale of a property. It outlines the terms and conditions of the sale, including the sale price, payment terms, and other relevant details. The property owner grants the authorized person the power to sell the property in accordance with the terms specified in the document.
2. General Power of Attorney: In addition to the sale provisions, the document also includes a general power of attorney. This grants the authorized person broader powers to act on behalf of the property owner in various matters, not limited to property-related transactions. The extent of the powers granted can vary and may include actions such as signing documents, entering into contracts, managing finances, and representing the property owner in legal proceedings.
3. Authorized Person: The property owner appoints an authorized person, also known as the attorney-in-fact or agent, to act on their behalf. This person is given the authority to sell the property and carry out other specified actions as mentioned in the general power of attorney.
4. Legal Validity: It is important to note that the legal validity and acceptance of a Sale cum General Power of Attorney can vary from jurisdiction to jurisdiction. While it may be recognized and accepted in some regions, it may not be valid or enforceable in others. It is advisable to consult with legal professionals and adhere to the specific laws and regulations of the concerned jurisdiction.
5. Risks and Considerations: Granting someone both the power to sell a property and general powers of attorney entails certain risks. It is crucial to select a trustworthy and reliable person to act as the authorized person. Misuse or abuse of the powers granted in the document can have serious consequences. Due diligence and careful consideration should be exercised when entering into such arrangements.
As the legal implications and acceptance of Sale cum General Power of Attorney can vary, it is recommended to consult with legal professionals or experts familiar with the local laws and regulations to understand the specific requirements and implications in your jurisdiction before executing such a document.