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This Power of Attorney shall be governed by the laws located in the state of (“Governing Law”). This Power of Attorney is durable and shall not be revoked upon the Principal’s incapacitation. This Power of Attorney is non-durable and shall be revoked immediately upon the Principal’s incapacitation. In the event the Principal is shown to be incapacitated, or not able to think for themself, this Power of Attorney shall: ( initial and check one) _ ☐ – The Principal’s death or revocation. _ ☐ – Principal’s Incapacitation or when the Principal can no longer think for themselves. This Power of Attorney shall begin on the Effective Date and shall continue until the: ( initial and check one) Additionally, this may include modifying, executing, and delivering all documents necessary to complete the financing as well as to withdraw and disburse funds necessary from my account, which I have previously disclosed to my Agent. Additionally, this may include making repairs (with reimbursement), approving sub-contractors for work, evicting tenants, and any other representation as needed on a day-to-day basis. Additionally, this may include finalizing all documents necessary to complete the financing and purchase of the property. Additionally, this may include accepting closing proceeds for deposit into my account, which has been previously disclosed to my Agent. POWERS GRANTED. The Principal grants the Agent power to negotiate, execute, modify, and deliver any documents necessary to complete the following type(s) of real estate transactions: ( initial and check all that apply) For any property, partially or wholly owned, by the Principal. For the following property: (“Real Estate”). This Power of Attorney is in reference to: (check one) , with a mailing address of to act on my behalf and hold the same powers as the Agent. If the above Agent cannot serve, I hereby appoint: (check one) Principal: I,, the “Principal,” with a mailing address of, hereby appoint:Īgent:, with a mailing address of (“Agent”). This Power of Attorney is made on, (“Effective Date”) between the following: *Notary recommended if the attorney-in-fact intends to record any real estate instrument, such as a deed, on behalf of the principal with a local court or registry. They do not have to be a property manager or an attorney. The agent can be any person selected by the principal. After the form is completed and signed, it is can be used immediately. This includes selling, buying, leasing, and managing property for the principal’s best interest. What is a Real Estate Power of Attorney?Ī real estate power of attorney is a document that allows someone else to handle property decisions on their behalf.If a property owner would like the agent’s appointment to continue in the event of incapacitation, the selection for “durable” must be written in the document.
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