What is Real Estate Power of Attorney?

Real estate power of attorney is the handing over of limited or all responsibility of property by its owner. This is common when an owner of a property decides to select their attorney to handle a real estate closing, although it may be used for any situation where someone else has the authority to “step in the owner’s shoes” and act on their behalf.

Example of Use

The owner of an apartment complex gives real estate power of attorney to their son. The son will have the right to sign leases, evict tenants, and perform maintenance on the property. Although, all rents collected must go to the owner unless a separate agreement is made.

How to Get Power of Attorney for Real Estate

Getting power of attorney for real estate requires the following: