Legal Question in Landlord & Tenant Law in India
powers of POA
I 'm a owner of commercial premises in mumbai&had given part of it to a company on LL for 3yrs in 07 with registered agrmnt. stamp duty®n amount paid50-50. The agrmnt is executed through POA. Now Leasee has preterminated his lease period &has given 1m notice;which is NOT SIGNED by POA but OTHER PERSON from the OFFICE. Q.whether it is LEGALLY CORRECT if not what should i do to avoid legalities if any in future? in that case pl give me a DRAFT for reply to their NOTICE.
2 Answers from Attorneys
Re: powers of POA
(a) The PoA of leasee may change in due course.
(b) There is no illegality involved.
(c) You may consult a local lawyer to help you preparing reply to the notice.
Re: powers of POA
It will be legally correct if the termination agreement is signed by another POA holder of the company. However, for future you consider adding a lock in period in your agreement.
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