Georgia Real Estate Power of Attorney
I. Appointment of Agent
I, [YOUR NAME], hereby appoint [AGENT'S NAME] as my Agent under a General Power of Attorney, granting them broad authority to manage my legal, financial, and personal affairs. This Power of Attorney is effective immediately and remains valid until revoked by me or terminated by law. By accepting this appointment, [AGENT'S NAME] agrees to act under my wishes and in my best interests. Witnessed and notarized signatures affirm this arrangement.
Principal : [YOUR NAME], residing at [YOUR ADDRESS]
Agent: [AGENT'S NAME], residing at [AGENT'S ADDRESS].
II. Scope
In this context, the Agent is given extensive authority to act for the Principal, including managing finances, healthcare decisions, and business matters. The Agent also manages the Principal’s properties, requiring a deep understanding of the property portfolio and the ability to optimize its benefits for the Principal. Importantly, the Agent represents the Principal in legal proceedings, protecting their interests and rights.
III. EFFECTIVE DATE AND DURATION
This Power of Attorney shall become effective immediately on [DATE], and will continue to be in effect until [END DATE or INDEFINITE] unless I choose to terminate it earlier.
IV. Revocation
The Principal retains the right to modify or cancel this Power of Attorney at any time. This action requires a written notice to be provided to both the Agent and any pertinent third parties involved.
V. Roles and Responsibilities of Agent:
Sale and Purchase: The Agent is authorized to buy, sell, exchange, convey, lease, or otherwise manage and deal with any and all real property owned by the Principal, including but not limited to lands, buildings, and any improvements situated in Georgia.
Contract Negotiation: The Agent is empowered to negotiate and execute contracts, agreements, deeds, mortgages, leases, and any other legal documents related to real estate transactions on behalf of the principal.
Property Management: The Agent may manage, maintain, rent, or lease any real property owned by the Principal within the state of Georgia, including collecting rents, making repairs, and hiring contractors or property managers as deemed necessary.
Litigation and Dispute Resolution: The Agent is authorized to represent the Principal in any legal proceedings, including litigation, arbitration, or mediation, related to real estate matters within the state of Georgia.
Financial Transactions: The Agent has the authority to open, close, and manage bank accounts, deposit or withdraw funds, and execute any financial transactions necessary to facilitate real estate transactions on behalf of the Principal.
VI. Governing Law
This Power of Attorney is governed by the laws of the state of Georgia. All actions taken by the agent pursuant to this Power of Attorney shall be in accordance with the laws, regulations, and statutes of the state of Georgia pertaining to real estate transactions. Any disputes arising from or related to this Power of Attorney shall be resolved in accordance with the laws of the state of Georgia.
VII. Signatures:
IN WITNESS WHEREOF, I have executed this Insurance Power of Attorney 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]
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 FULL NAME]
[DATE]
[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:
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