Power of Attorney for House
I. APPOINTMENT OF AGENT
This Power of Attorney document ("the Document") is made this [DATE]("Effective Date") by and between [YOUR NAME], residing at [YOUR COMPANY ADDRESS], hereinafter termed "Principal", who is of sound mind, and [AGENT'S NAME], residing at [AGENT'S ADDRESS], hereinafter referred to as "Attorney-in-Fact". The Principal does hereby name, constitute, and appoint an Attorney-in-Fact to act for and on the Principal's behalf relating to the following property situated in [PROPERTY ADDRESS].
II. Roles/Responsibilities Granted to the Agent:
Selling: The Agent is authorized to sell the property located at [Property Address] on behalf of the Principal. This includes but is not limited to negotiating terms, signing documents, and receiving proceeds from the sale.
Buying: The Agent is empowered to purchase real estate properties on behalf of the Principal. This authority encompasses researching properties, negotiating terms, signing contracts, and completing transactions.
Managing: The Agent is granted the authority to manage all aspects of the property owned by the Principal. This includes but is not limited to renting, leasing, maintaining, and making decisions regarding renovations or repairs.
Decision Making: The Agent is authorized to make all necessary decisions related to the property on behalf of the Principal. This includes handling legal matters, dealing with tenants, and resolving any disputes that may arise.
Financial Transactions: The Agent is permitted to conduct all financial transactions related to the property, including but not limited to collecting rent, paying bills, and depositing funds into or withdrawing funds from the Principal's accounts as necessary.
III. Effective Date and Duration
This Power of Attorney shall be effective as of [EFFECTIVE DATE] and shall remain in effect until revoked by the Principal or terminated by operation of law.
IV. Signature Section:
IN WITNESS WHEREOF, I have executed this Power of Attorney for House on [DATE].
[YOUR NAME] (Principal)
ACCEPTANCE OF THE AGENT
I, [AGENT NAME], acknowledge that I have read and understood the terms and responsibilities outlined in this Power of Attorney document. I accept the appointment as Agent and agree to act under the instructions and limitations provided herein.
[AGENT'S NAME] (Attorney-in-fact)
WITNESS ACKNOWLEDGEMENT
We, the undersigned witnesses, attest that the Principal and Agent signed this Power of Attorney in our presence and that they appeared to be of sound mind and acting willingly.
Witness 1:
[Witness 1 Full Name]
[Date]
Witness 2:
[Witness 2 Full Name]
[Date]
NOTARY ACKNOWLEDGEMENT
On this day of in the year , before me, a Notary Public in and for said County and State, personally appeared [YOUR NAME], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
Witness my hand and official seal.
[NOTARY PUBLIC'S NAME]
My Commission Expires:
Power of Attorney Templates @ Template.net
