Power Of Attorney Letter For Property

The principal should not sign the document until they are in the presence of a notary public.

Power of attorney letter for property.

The agent can have broad legal authority or. A real estate power of attorney is used to designate another individual to manage acquire mortgage refinance convey or to sell as an agent real estate broker realtor on behalf of the principal. The person who is named as the attorney does not have to be a lawyer. However they are different types of documents that serve different purposes.

The person authorizing the other to act is the principal grantor or donor of the power. A general power of attorney letter grants the agent the same powers indicated in the durable form. A continuing power of attorney for property is a legal document in which a person the grantor gives someone else the legal authority to make decisions about their finances. A power of attorney is a legal document signed by a principal and is usually a notarized document allowing a person to appoint another person to take control of his affairs or make decisions on his behalf should you become unable to effectively do so in accordance with the terms of the document.

A power of attorney poa and a letter of authorization are both written documents that grant one person the authority to act on behalf of another. Power of attorney a power of attorney poa or letter of attorney is a written authorization to represent or act on another s behalf in private affairs business or some other legal matter. The only difference is that it does not remain in effect if the principal becomes for whatever reason incapacitated or mentally disabled. To be legal the power of attorney letter must be signed by the principal witnesses a notary public or other official according to the laws of the state where the poa is written.

Usually the party being granted this authority is referred to as the agent. Revocation of power of attorney letter.