This is a Rhode Island Real Estate Only Power-of-Attorney Form, it is used when you want to create a real estate only Power of attorney is applicable only in the state of Rhode Island. Do note that by using this document you are giving another person the power to take Real Estate decisions on your behalf, so be very clear about how you want to execute this power-of-attorney.
How to complete this Rhode Island Real Estate Only Power-of-Attorney Form?
The first section of this document is reserved for your details which are; your full name, address. You also need to provide the details of the person whom you are going to appoint as your agent which include their full name, the full address.
In article 1 you deal with the various powers which you want to bestow on your agent. Select a power you must initial and shake the box side the one you want to bestow, the powers include sale of real estate, purchase of real estate, management of real estate, refinancing. Article 2 states that this is a durable power of attorney and will continue to remain in effect even if you the principal are affected by disability or incapacity.
In article 3 you can decide the term of this Rhode Island Real Estate Only Power-of-Attorney Form, you can select one of three options provided. Article 4 is the declaration that you the principal are granting your agent full authority to perform acts your behalf. This legal document and all it’s subsequent results will be governed by and construed in accordance with the laws of the state of Rhode Island.
For this Rhode Island Real Estate Only Power-of-Attorney Form to be considered legally binding it must be signed by both you and the agent, along with that it must also be signed by two adult witnesses at the same time. You should also get this document notarized by a Notary Public operating out of the state of Rhode Island. You can easily download this document by clicking on the download link below.