What are the requirements for registering a commercial lease a new power of attorney is to be used for the first time? A POA was created several years ago if certain events happened (incapacity to sign etc), now that these circumstances have arisen, how does the Land Titles Office know that there is a POA in force? Do I need to do anything to advise the LTO beforehand or do I submit a certified copy of the POA with the lease at the time of registration? Anything else I need to know?
(Thought that it was better here in Legal than under Commercial Property).
Just take it into the LTO and they will register it. It remains in force unless revoked, or is contingent on something.
If it had been revoked then it would be an offense for the attorney to use it and there would be civil penalties and perhaps criminal.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Thanks Terry
Of course Terry is correct
It's interesting how some States do it differently. A bit more information on the State by State variations is available HERECheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
Signed the POA today (it was prepared a few years ago but stage 2 is now due to be put into force including registration with LPMA).
It's interesting how some States do it differently. A bit more information on the State by State variations is available You must be logged in to reply to this topic. If you don't have an account, you can register here.
