A New Jersey real estate power of attorney empowers an agent to manage, sell, rent, or refinance a property on behalf of the principal. The agent holds authority over property until the principal revokes it in writing. This document, needing a notary public’s acknowledgment, also permits the agent to handle real estate transactions, including signing closing papers and drafting leases.
If it involves executing deeds, the principal must record it with the county clerk’s office where the property lies, as detailed on the County Government Records webpage.
Legal Considerations
Statute: § 2B-8.1 — § 2B-19.
Signing Requirements: Notary public (§ 46:14-2.1; § 46:2B-8.9).
