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Real Estate Power of Attorney

Real Estate Power of Attorney
REAL ESTATE POWER OF ATTORNEY

 

                    of                           (the "Principal")

HEREBY APPOINTS

                    of                           (the "Agent")

 

TO CONDUCT THE FOLLOWING

The Agent is authorized to perform any act related to the management or maintenance of real estate which includes, but is not limited to, making repairs (with reimbursement), approving sub-contractors for work, negotiating rents, signing lease/sublease agreements, evicting tenants and any other representation as required on a day-to-day basis.

The Agent is authorized to perform any act related to the refinancing the Principal's debts related to the real estate. This may include, but is not limited to, the modifying, negotiating, executing, and delivering all documents necessary to complete the refinancing as well as to withdraw and disburse funds necessary to complete from/into the Principal's account which has been previously disclosed to the Agent.

THE AFOREMENTIONED POWERS STATED IN THIS REAL ESTATE POWER OF ATTORNEY MAY ONLY BE USED FOR THE REAL ESTATE LOCATED AT:

Property Address:                          

This power of attorney document shall begin upon the principal's incapacitation and end upon their subsequent death.

In addition, this power of attorney document shall be considered void if another is created for the Principal for their real estate or if a revocation form has been authorized.

The Principal grants the Agent the full power and authority to perform all acts on their behalf, in accordance with the aforementioned powers, as they could do if personally present, hereby ratifying and confirming all that the Agent may do pursuant to this power.

This power of attorney document shall be governed by, and construed in accordance with, the laws located in the Province where the property is located.

This power of attorney hereby revokes any existing power of attorney document that may have previously been granted in relation to the above-described real estate.

The Principal and Agent shall execute this power of attorney in the presence of two witnesses.

Principal's Signature                          

Acceptance by Agent

The undersigned Agent acknowledges and executes this Power of Attorney, and by such execution does hereby affirm that they: (A) accept the appointment; (B) understand the duties under this Power of Attorney and the law.

Agent's Signature                          

                           (Agent Name)


 

Affirmation by Witness

I,                , witnessed the execution of this Power of Attorney by the Principal.                     , and affirm that                     appeared to be of sound mind, was not under duress, and that                     affirmed to me that he/she was aware of the nature of this Power of Attorney and signed it freely and voluntarily.

 

Witness Signature                    

 

Print Name                  

 

 

Affirmation by Witness

I,                ,witnessed the execution of this Power of Attorney by the Principal.                     , and affirm that                     appeared to be of sound mind, was not under duress, and that                     affirmed to me that he/she was aware of the nature of this Power of Attorney and signed it freely and voluntarily.

 

Witness Signature                    

 

Print Name