The Vermont Real Estate Power of Attorney is a legal form designed to allocate intended property ownership privileges from an owning principal to a third party. When an owner of a property or multiple properties is not able or present to handle the managing or transfer, the situation can benefit from the use of the form to bestow controls to another. The receiving party, or attorney-in-fact, can express granted authority to make decisions, sell, purchase, refinance, or manage the cited real estate depending on how the document is adjusted and completed. Although the declarant can revoke the contract, it is important to evaluate the decision to appoint an agent because of the possible ramifications. The written understanding’s execution is sanctioned only when supervised and asserted by a notary official and one additional witnessing individual.
Laws
Statute – Powers of Attorney (14 V.S.A. § 3501 – 14 V.S.A. § 3516)
Definition – “Power of attorney” means a written document by which a principal designates an agent to act on his or her behalf (14 V.S.A. § 3501(8)).
Signing Requirements – Validation by a notary and one witness is necessary to secure the legal arrangement (14 V.S.A. § 3503).
Other Versions
Vermont Real Estate Power of Attorney Form – Version 1
Download: Adobe PDF, MS Word (.docx)
Related Forms
Durable (Financial) Power of Attorney
Download: Adobe PDF, MS Word (.docx)
Revocation of Power of Attorney
Download: Adobe PDF, MS Word (.docx)