Can The Legal Heir Sign On A Contract On Behalf Of The Owner
Ours is a Private Limited Company and we paid token advance to a commercial building and planned to move in March. Now, the owner of the building had a stroke and is very critical. Chances of his survival are remote and the son is ready to sign the a... Read More
Ours is a Private Limited Company and we paid token advance to a commercial building and planned to move in March. Now, the owner of the building had a stroke and is very critical. Chances of his survival are remote and the son is ready to sign the agreement. What documents are required to complete the agreement so that we can move?
- Sector-1, Noida
A legal heir can enter into a contract on behalf of the father only after getting a power of attorney signed by the father that allows the son to enter into a legal obligation on his behalf. A Power of Attorney is a legal document giving the agent or lawyer of a person the power to act on behalf of him/her. A Power of Attorney gives the agent/lawyer the right to take legal decisions relating to the matters listed in the document. These matters may include management of property, finances, business decisions, etc.
In case of death of the father, the son needs to obtain a legal heir certificate to be legally allowed to enter into a contract for a property owned by the father. uccession certificate is a legal document granted to the legal heirs of a person who has died intestate i.e. without a will. A succession certificate helps in establishing the legal heirs of a person and allot the debts and assets owned by the deceased. A court grants a legal heir certificate to the successors of the deceased and helps them in transferring the debts and securities of the deceased in their own name.
Answered on 26 Feb 2019
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