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The New Jersey Real Estate Power of Attorney accomplishes the recorded assignment of the attorney-in-fact to carry out stated operations connected to the property legally possessed by another. The standardized form can prove helpful when the owner of a piece of real estate is not present to sign for property transactions, allowing an appointed agent to administer select tasks. The powers granted can be limited within the form as needed or amended to issue the coverage of a wide array of permitted actions. An additional related form is made available for use to supply the right to perform duties related to a property’s mortgage activities.

Laws

Statute – New Jersey Revised Statutes – Revised Durable Power of Attorney Act (§ 46-2B-8.1 – 46-2B-19)

Definitions – “Power of attorney” is a written instrument by which an individual known as the principal authorizes another individual or individuals or a qualified bank within the meaning of P.L.1948, c.67, s.28 (C.17:9A-28) known as the attorney-in-fact to perform specified acts on behalf of the principal as the principal’s agent (§ 46-2B-8.2(a)).

Signing Requirements – The principal is required to retain the services of a notary and one (1) witnessing party to ensure adequate certification of the event (§ 46-2B-8.9 and § 46-14-2.1)

Revocation – § 46-2B-8.10