POWER OF ATTORNEY FOR PROPERTY MANAGEMENT

A Power of Attorney for Property Management allows you to appoint another person or entity (also known as an “agent” or “attorney-in-fact”) to manage your real estate properties. This POA does not empower the agent to buy or sell a real estate on your behalf. Using the POA for Property Management, you can authorize your real estate agent, relative or friend to rent out your apartment or office, sign tenancy agreements, receive rental payments, maintain your apartments, and represent you before government authorities or private entities in relation to your real estate properties. Such POA is normally given to a real estate broker, real estate management companies or your relatives or friends who can perform the above tasks on behalf of you.

This type of Power of Attorney is ideal for appointing an agent or friend to manage your real estates, without granting the broad powers such as sale or transfer.