Special Power of Attorney Design
Special Power of Attorney Design
I. Introduction
This Special Power of Attorney (POA) is executed on this 20th day of August 2050, by [Your Name] (hereinafter referred to as "Principal"), residing at [Your Company Address], in favor of Jordan Smith (hereinafter referred to as "Agent"), residing at 123 Elm Street, Springfield, IL 62701.
II. Appointment of Agent
The Principal hereby designates and appoints the Agent as their true and lawful attorney-in-fact to act on their behalf and to exercise all powers related to the following real estate transactions:
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Sale of Property: The Agent is authorized to sell, convey, and transfer any real property owned by the Principal. This includes negotiating and executing purchase agreements, handling escrow and closing procedures, and signing all necessary documents.
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Purchase of Property: The Agent is authorized to purchase real estate on behalf of the Principal. This includes negotiating purchase prices, signing purchase agreements, and handling all related documentation and procedures.
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Leasing of Property: The Agent is authorized to lease any real estate owned by the Principal. This includes negotiating lease terms, signing lease agreements, and handling all related paperwork and procedures.
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Management of Property: The Agent is authorized to manage any real estate owned by the Principal. This includes collecting rent, making repairs, and performing any other management-related tasks.
III. Powers of the Agent
The Agent is granted full power and authority to act on behalf of the Principal in connection with the aforementioned real estate transactions. This includes, but is not limited to:
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Execution of Documents: The Agent is empowered to execute, deliver, and acknowledge any documents, including contracts, deeds, and other necessary instruments.
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Representation: The Agent is authorized to represent the Principal before any real estate agents, attorneys, title companies, or other relevant parties.
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Financial Transactions: The Agent is authorized to handle any financial transactions related to the real estate transactions, including the receipt and disbursement of funds.
IV. Duration of Authority
This Special Power of Attorney shall remain in effect until August 20, 2055, or until revoked by the Principal, whichever occurs first. The Principal retains the right to revoke this POA at any time by providing written notice to the Agent.
V. Governing Law
This POA shall be governed by and construed in accordance with the laws of the state of Illinois.
VI. Execution
IN WITNESS WHEREOF, the Principal has executed this Special Power of Attorney on the 20th day of August 2050.
Principal's Signature:
[Your Name]
Agent's Signature:
Jordan Smith
Witness Signature:
Emily Johnson
456 Oak Avenue, Springfield, IL 62701
Notary Public:
David Lee
Notary Public Commission Number: 123456
Date of Notarization: August 20, 2050
This detailed Special Power of Attorney design authorizes Jordan Smith to handle specific real estate transactions on behalf of [Your Name], covering the sale, purchase, leasing, and management of property.
