Maryland Statutory Limited Power of Attorney
I, [Your Name], residing at [Your Company Address], hereby grant power of attorney to [Agent's Name], residing at [Agent's Address], to act as my attorney-in-fact for the limited purpose of handling specific real estate transactions on my behalf in the state of Maryland.
I. Scope of Authority
The agent is authorized to represent me in the following real estate transactions:
Purchasing or selling real property located within the state of Maryland, including residential, commercial, or vacant land.
Signing and executing all documents necessary for the completion of real estate transactions, including but not limited to purchase agreements, sales contracts, deeds, and settlement documents.
Managing rental agreements or leases related to any real property owned by me within the state of Maryland.
II. Guiding Principles
The agent shall exercise their authority solely within the scope outlined above and by Maryland statutory provisions governing power of attorney and real estate transactions. They shall act in my best interests and adhere to any specific instructions provided by me regarding the handling of these transactions.
III. Consultation and Reporting
The agent shall keep me informed about all significant developments and decisions related to the real estate transactions for which they are authorized to act on my behalf. They shall provide regular updates and reports as requested by me to ensure transparency and accountability.
IV. Revocation of Authority
I reserve the right to revoke this power of attorney at any time by providing written notice to the agent. Upon revocation, the agent's authority to act on my behalf in real estate transactions shall cease immediately.
V. Duration and Termination
This power of attorney shall remain in effect until the completion of the specific real estate transactions for which it is granted or until revoked by me. It shall terminate automatically upon the fulfillment of its purpose or written revocation by me.
Principal:
[Your Name]
Agent:
[Agent's Name]
WITNESS ACKNOWLEDGEMENT
We, the undersigned witnesses, certify that [Your Name] and [Agent's Name] have signed this Maryland Statutory Limited Power of Attorney in our presence, and we believe them to be of sound mind and acting of their own free will.
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 the State of Maryland, 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:
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