Michigan Real Estate (Property) Power of Attorney Form
The Michigan Real Estate (Property) Power of Attorney is a document comprising of legally-binding provisions relating to the sale, purchase, rental, refurbishment, or refinancing of a property. Specifically, it directs one party, called the Attorney in Fact, to carry out one or more of the aforementioned real estate transactions for the benefit of another party, called the Principal. Once the contract has commenced, the Attorney in Fact has a legal obligation to act in a responsible manner whenever they perform tasks for the Principal in a representative capacity.
State Laws & Signing Requirements
State Laws – Estates and Protected Individuals Code
Signing Requirements – If the Michigan Real Estate (Property) Power of Attorney is durable, § 700-5501 states that the Principal must sign it in the presence of two (2) witnesses and/or have their signature acknowledged before a Notary Public. If it is not durable (i.e. it is general), the Principal is still recommended to following the signing procedures of a Durable Power of Attorney.