Printable Property Power of Attorney
I. Introduction
This Property Power of Attorney ("Agreement") is made and entered into on this 20th day of August 2050 by and between the Principal and the Agent.
Principal: [Your Name], residing at [Your Address]
Agent: John Smith, residing at 123 Maple Street, Springfield, IL 62701
II. Grant of Authority
The Principal hereby appoints the Agent as their true and lawful Attorney-in-Fact, and in the Principal's name, place, and stead to exercise or perform the following powers related to property management:
To purchase, sell, lease, or otherwise acquire or dispose of real property.
To manage, maintain, repair, or improve real property.
To collect rent or other payments and to issue receipts for property-related income.
To pay any and all taxes or special assessments relating to the property.
To handle any legal disputes or proceedings involving the property.
To sign, seal, execute, and deliver any deeds, contracts, leases, and other documents relating to the property.
III. Effective Date and Termination
This Power of Attorney shall become effective on August 20, 2050, and shall continue until August 20, 2055, or until revoked by the Principal in writing.
IV. Revocation
The Principal retains the right to revoke this Power of Attorney at any time. Any such revocation must be in writing, and the Agent shall be immediately notified of such revocation.
V. Reliance and Indemnification
Any third party who receives a duly executed copy or facsimile of this Power of Attorney may act in reliance thereon. No person who relies in good faith on the authority of the Agent as set forth herein shall incur any liability to the Principal or to the Principal's estate or heirs.
VI. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Illinois.
VII. Severability
If any provision of this Power of Attorney is held by a court of competent jurisdiction to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
VIII. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Power of Attorney as of the day and year first above written.
Principal: [Your Name]
Date: August 20, 2050
Agent: John Smith
Date: August 20, 2050
IX. Notary Public
State of Illinois
On this 20th day of August 2050, before me, the undersigned Notary Public, personally appeared [Your Name], known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged that he/she executed the same for the purposes therein contained.
Witness my hand and official seal.
Notary Public: Emily Johnson
My Commission Expires: December 31, 2056
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