Vt. Stat. tit. 14 § 4052

Current through L. 2024, c. 90.

Section 4052 - Statutory short form power of attorney for real estate transactions

(a) A document substantially in the following form may be used to create a statutory form power of attorney for a real estate transaction that has the meaning and effect prescribed by this chapter.

VERMONT STATUTORY FORM POWER OF ATTORNEY IMPORTANT INFORMATION

This power of attorney authorizes another person (your agent) to take actions for you (the principal) in connection with a real estate transaction (sale, purchase, mortgage, or gift). Your agent will be able to make decisions and act with respect to a specific parcel of land whether or not you are able to act for yourself. The meaning of authority over subjects listed on this form is explained in the Vermont Uniform Power of Attorney Act, 14 V.S.A. chapter 127.

DESIGNATION OF AGENT

I/we and _________________________________________ (Name(s) of Principal) appoint the following person as my (our) agent:

Name of Agent: _________________________________________

Name of Alternate Agent: _________________________________________

Address of Property that is the subject of this power of attorney

(Street):, (Municipality)_________________________________________

_______________________________________________________________________, Vermont.

Transaction for which the power of attorney is given:

[ ] Sale

[ ] Purchase or Acquisition

[ ] Mortgage

[ ] Finance and/or Mortgage

[ ] Gift

GRANT OF AUTHORITY

I/we grant my (our) agent and any alternate agent authority named in this power of attorney to act for me/us with respect to a real estate transaction involving the property with the address stated above, including, but not limited to, the powers described in 14 V.S.A. § 4034(2), (3), and (4) as provided in the Vermont Uniform Power of Attorney Act, 14 V.S.A. chapter 127.

POWER TO DELEGATE

[ ] If this box is checked, each agent appointed in this power of attorney may delegate the authority to act to another person. Any delegation shall be in writing and executed in the same manner as this power of attorney.

TERM

This power of attorney commences when fully executed and continues until the real estate transaction for which it was given is complete.

SELF HEALING

[ ] If this box is checked, the agent named in this power of attorney may convey the subject real estate with or without consideration to the agent, individually, in trust, or to one or more persons with the agent.

CHOICE OF LAW

This power of attorney and the effect hereof shall be determined by the application of Vermont law and the Vermont Uniform Power of Attorney Act.

SIGNATURE AND ACKNOWLEDGMENT

_______________________________________________________________________ Your Name Printed

_______________________________________________________________________ Your Address

_______________________________________________________________________ Your Telephone Number_______________________________________________________________________

State of_________________________________________

County of_________________________________________

This document was acknowledged before me on _________________________________________(Date) by _______________________________________________________________________ (Name of Principal)

_________________________________________(Seal, if any)

Signature of Notary_________________________________________

My Commission expires:_________________________________________

(b) A power of attorney in the form above confers on the agent the powers provided in subdivisions 4034(2), (3), and (4) of this chapter.

14 V.S.A. § 4052

Added by 2023 , No. 60, § 1, eff. 7/1/2023.