Updated June 02, 2022
An Ohio real estate power of attorney form is a document you can use to appoint an agent to represent matters related to your real estate interests. Thus, this paperwork will enable the elected agent to complete the tasks and directives the principal has set forth. This document will require direct attention from the principal to achieve this goal. He or she will need to determine precisely what powers the agent should wield when representing the principal’s interests. Additionally, only the principal can sign this paperwork into execution. Once it is executed it will remain in effect for the time period indicated by the principal unless he or she revokes these powers in writing or creates a new power document that directly interferes with this one. That is, the agent will only be able to wield these powers at the discretion of the principal.
Laws
Statutes – Chapter 1337: Power Of Attorney
Signing Requirements ( R.C. §§ 1337.25 , 1337.04 ) – Notary Public.
How to Write
1 – Gain Access To This Document Then Furnish It With The Appropriate Information
This document will serve to deliver Real Estate Powers. Download it using the appropriate button (placed by the preview image) then supply it with its requested information.
2 – Solidify The Parties This Real Estate Power Involves
The first paragraph following this document’s Title will seek to satisfy a need for several pieces of information so that its contents can be correctly applied to the parties and property involved. This process should begin by entering the Principal’s Full Name on the first blank line, followed by his or her Street Address, City, and bbin电竞官网官方永久 of Residence in the next three available spaces.
This paragraph’s next requirements will concern the Agent accepting Principal Real Estate Powers. Thus, furnish the Full Name of the Agent on the blank line presented between the words “Hereby Appoint” and the label “Full Name.” Additionally, supply the Agent’s Residential Street Address, City, and bbin电竞官网官方永久 in the next three spaces.
3 – Article I Supplies The Language Required To Delegate Various Real Estate Powers
The Authority to make Real Estate Decisions and take Action on behalf of the Principal will be defined before being granted to the Agent. The Principal will need to tend to a brief checklist of four basic subjects in Real Estate: Sale of Real Estate, Purchase Of Real Estate, Management of Real Estate, and Refinancing. Each list item shall supply the wording required for the Agent to act with Principal Power in that area and will define what precisely the Agent may do on behalf of the Principal. In order to assign the Principal Authority to carry out such actions, the Principal will need to initial each subject matter he or she wishes to deliver Principal Power over to the Agent and check the box corresponding to that item. Additionally, the Legal Address and Legal Description of the concerned Property must be supplied on the first and second blank lines (respectively) in the paragraph statement. Any subject matter initialed and marked by the Principal with a defined Property will be included in the scope of the Agent’s Principal Powers while any list item left unattended and blank will be excluded from any actions the Principal-Agent may take.
4 – The Principal Must Approve A Start Event And Termination Event For These Powers
This document will also need to solidify when these Principal Powers will be available to the Agent and when they will no longer be available to the Agent. The default start date will be the Date the Principal signs this document, however, the Termination Date will need to be selected. This will be accomplished through the Principal’s initials placed on the blank line corresponding to the statement adequately describing the Start and Termination of these Powers then marking the appropriate checkbox. If the Principal wishes these Powers to have a specific Date of Termination he or she must choose bbin电竞官网官方永久ment “a” then, solidify the desired Date of Termination using the three blank lines presented.
If the Principal wishes these Powers to become Effective upon his or her signing of this document and terminate immediately upon his or her written Revocation, Incapacitation, or Death then he or she must initial and check bbin电竞官网官方永久ment “b.”
If the Principal intends these Powers to become Effective when he or she signs this document and remain in Effect until he or she dies or revokes this document, then he or she should select bbin电竞官网官方永久ment “c.”
5 – A Signature From The Principal, The Agent, And Two Witnesses Will Combine To Execute This Paperwork
The final area requiring Principal attention will solidify its declarations through the Principal’s Dated and Witnessed signatures. Find “Article VI. Revocation,” then have the Principal fill in his or her Date of Signature on the blank lines in the last statement.
The Principal must, then, sign his or her Name on the line labeled “Principal’s Signature.” Adjacent to this, the Principal must Print his or her Name.
The Agent will need to verify his or her acknowledgment by signing the “Agent’s Signature” line and Printing his or her Name next to it.
Each Witness will have his or her own Affirmation bbin电竞官网官方永久ment to verify through the act of Signing (“Affirmation By Witness 1” and “Affirmation By Witness 2.” Present unique the name of one of the Witnesses on the first blank line of one each of these sections. The Witness, named in the statement, must sign his or her Name on the “Witness 1 Signature” line then print his or her Name below this.
The next area has been presented for the Notary Public who will use the “Notary Acknowledgment” section to properly notarize this form.
The final area “Acceptance By Agent,” requires the Agent’s Signature and Printed Name furnished on the “Agent’s Signature” line and “Print Name” line respectively.
