I am overseas pakistani owns a house in cooperative housing society which is on rent and taking care by a property dealer i am paying him monthly fee ,,i have original file with me and during purchase of the house seller and buyer's photos were taken and computerized system was followed thumb impression etc. My worry is that am i safe dealing with this property dealer of course i cant trust him 100% is he in a position to sell my house without me or cheat me in anyother way etc.
Kindly advise
Well its Pakistan so be careful !!!
Which society and city bro?
Khan sb its airport society and in Rawalpindi
Kindly advise
Do not give any Power of Attorney to property dealer or anyone else.
Make sure you have a proper rent agreement with your tenant (preferably registered agreement). The rent agreement should be signed by you or someone in your family who you trust completely (you can give trusted person poA)
Thank you Paki-1
Really appreciated your kind guideness on this, please advise how to register the rent agreement I mean there is a agreement signed by tanet and one of my friend and witness is the same property agent,, but I have never issues POA do you think its OK
I think you are pretty safe. Do act upon the advice of Paki-1...
Never trust someone beyond certain level especially in property and money related matters.
Always do things as per written, documented way.
Regards
Akram bhai, if a rent agreement has a duration of a year or more then it is required by law to be registered. It has to be registered in the office of the Rent Registrar.
I will suggest that you get the services of a lawyer or a free-lance Munshi to do this for you. There willbe some stamp duty and registration fees as well.