Maryland Real Estate (Property) Power of Attorney Form
An individual (called the Principal) has the right to file a Maryland Real Estate (Property) Power of Attorney so that they can name another party (called the Agent) to oversee any tasks associated with a property they either already own or rent, or wish to do so. It is the Principal’s responsibility to choose a trustworthy and skilled Agent to represent them. They may ask a trusted friend or family member to fulfill this role, or alternatively, hire a property management company. Regardless of whether the Agent they eventually select is an individual or entity, the Agent will need to uphold the provisions they have listed in the form, as well as any relevant Power of Attorney laws dictated by the state of Maryland.
State Laws & Signing Requirements
State Laws – Maryland General and Limited Power of Attorney Act
Signing Requirements – (§ 17-110) – Maryland state law makes it compulsory for a Principal to sign their name on a Real Estate (Property) Power of Attorney before a minimum of two (2) adult witnesses and a Notary Public. The Principal is advised to keep in mind that the witnesses are required to attest and sign the form.