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Purchase of beach property

Q: I saw an advt for sale of beach property in the news paper yesterday. I called the landlord to know more about it. He told me that the property does not have any RTC and hence the way i could buy it is that he would give me the power of attorney when i make the payment. So my question is
1. Will this setup of taking the powner of attorney with registration cause any problem in future. Problems such as, file cases against me for share etc. Whats are the risks.
2. Will i be able to apply for RTC once i get the power of attorney.
3. Will there be any problem for the govt bodies in future since this is a beach property.

I dont have much idea about the legal terms and processes, So if there is anything else apart from the questions i have asked; please share your thoughts.your response will be much appreciated.
Reply

Replies (1)
1
Hi Shashikanth,
RTC means Record of rights, tenancy and crops. It should be noted that when one has a land or property it should have a RTC. It carries all the important details relating to land held by an individual or group of individual. The details include area, assessment, mature of possession of land, partition details, mortgage, liabilities, tenancy, land utilization details, etc. If the previous owner does not have a RTC then he might be hiding something. It is absurd as why he is ready to transfer the power if attorney to you. I would suggest, take legal help and show the documents of the property to him and be free from any legal hassles.
Rakesh


Thanks a lot for your reply
31st October 2011


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