A Delaware real estate power of attorney is a legal document that authorizes an appointed agent to act on behalf of the principal in managing real estate affairs within the state. The specific powers delegated by the principal are related to their real property, such as buying, selling, leasing, or managing real estate assets.
To be valid, the document must comply with the state’s legal requirements, which typically involve the signatures of the principal, agent, and witness, along with notarization. The duration of the arrangement can vary from one task completion to continued management. However, the principal can end it at any time, with termination occurring upon revocation or the creation of a new document.
Legal Considerations
Statute: § 49A-204.
Signing Requirements: Notary public and one witness who cannot be related to the principal by blood, marriage, or adoption or entitled to any portion of the principal’s estate (§ 49A-105).
