This deed, or deed-related form, is for use in property transactions in the designated state. This document, a sample Deed and Assignment of Interest in Reality Agreement for Sale; Warranty Joint Tenancy - Arizona, can be used in the transfer process or related task. Adapt the language to fit your circumstances. Available for download now in standard format(s).
Deed Agreement Sale With Special Power Of Attorney
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How to fill out Arizona Deed And Assignment Of Interest In Realty Agreement For Sale - Warranty Joint Tenancy?
How to obtain professional legal documents that adhere to your state regulations and create the Deed Agreement Sale With Special Power Of Attorney without hiring a lawyer.
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FAQ
A power of attorney is not a valid instrument to transfer property titles when buying or selling a property.
As the title suggests, a special power of attorney for sale of property is a document that enables a person to sell a property on behalf of another person. All the rights available to the person are limited explicitly in the document.
Is property sale through power of attorney legal? In 2011, the Supreme Court ruled that property sale through power of attorney (PoA) is illegal and only registered sale deeds provide any legal holding to property transactions.
To summarise, the law holds that a power of attorney is not an instrument of transfer in regard to any right, title or interest in an immovable property but any genuine transaction carried out through General Power of Attorney is considered valid under the law.
Under the law, any person who owns a property and is competent to contract can transfer it in favour of another. If the owner gives another individual a power of attorney (POA), that person can sell it under this authority. A POA gives another person the power to act on behalf of the owner.