A Nebraska real estate power of attorney is a legal document that allows a property owner (principal) to assign an agent to handle real estate activities such as buying, selling, leasing, and managing properties. This agent’s role can also extend to tenant negotiations and property maintenance.
For validity among banks and insurance entities, the document must clearly delineate the agent’s responsibilities and the specific properties they can manage. The principal can choose to limit the document’s duration, ending the agent’s authority if the principal becomes incapacitated.
