There are times when you will be unable to transfer the property ownership on your own. In these occasions you can assign another person the authority through a (POA) power of attorney in UAE. Here’s how:
Step 1: Make the Legal Document.
Include language that offers the agent you are assigning, in transferring the property that you own in the document. Make sure you are very specific in the legal document regarding what your assigned agent will be able to transfer for you. If you want to utilize a general power of attorney in giving your agent a broad range of powers, you must include power or authority in transferring property with a title or deed.
Also Read: Power Of Attorney For Families In UAE
Step 2: Check with the Local Authorities Regarding Regulations on the Transfer of Property Ownership.
Check with the local authorities, for specific requirements on the sale or transfer of real estate ownership. These local authorities will provide a form. If the authorities provide more requirements, make sure you follow directions in completing it.
Step 3: Provide the Agent with the Original Document and Copies and Have him/her Sign Them.
If you are transferring property immediately, then the agent has to be given the deed or title immediately. If you expect to transfer property at a much later date, then make sure your assigned agent knows where the deed or title can be taken from.
As soon as you’re ready for the ownership transfer, the agent should sign on your behalf.
The agent should sign in any of the two ways. The agent has to bring a copy of the POA document wherever it is needed. He can also attach copies of the POA to a deed or title. The latter is advised.
Step 4: Make Sure the Agent Attends the Closing of the Property Ownership Transfer.
Make sure that the agent has the POA document and deed in the time of the closing. The agent or the buyer can file the new title with the local authorities, as needed.
Once you have decided in transferring property which comes with a deed or title, the agent can transfer the property on your behalf.
Take note: It is best to involve a legal consultant with a real estate closing. The agent can transfer ownership of a vehicle but not real estate without the assistance of an attorney.
Power of Attorney Specialists in UAE
By following all these steps, you can easily transfer any type of property ownership. Certain kinds of property like vehicles and real estate have titles and deed s which require a transfer to the buyer. A Power of Attorney lawyer can help you to handle the property ownership transfer for you. Among the duties of an agent can include helping the person giving power to transfer a title or deed. If you want to know more about power of attorney in UAE or how to notarize a power of attorney to make sure it is legal in the eyes of the law, don’t hesitate to contact us here in Notary Public Dubai!
Is There Only One Kind of UAE Power of Attorney?
In UAE, there are many kinds of POA. If you plan on allowing an agent to transfer a title for you, the agent can be given limited authority through a special power of attorney. You may also provide a person durable or springing POA. For a durable UAE POA, it takes in effect instantly. Should you become unable to attend to your affairs due to incapacitation, your agent can still act for you under the durable POA. As for a springing POA, it can only become effective when the person assigning the power becomes incapacitated.
How Can I Acquire a Power of Attorney?
If you are in Dubai or anywhere in UAE, you have to be at least 21 years of age to create a power of attorney. A legal professional can draft a poa for you. after that a notary public will review it.
They will legally stamp the document following the settling of any applicable attestation fee. If you want to know the process of notarizing a power of attorney in UAE, we suggest you consult with a reputable notary public.
Syed Hassan Ali has an experience of 13 years and is highly specialized in providing legal consulting for all types of notary requirements. By utilizing his diverse and deep knowledge, he has consistently aided individuals and organizations in finding flexible and timely solutions.