A Rhode Island real estate power of attorney grants authority to an agent so they can manage property affairs on the owner’s behalf. The form offers flexibility by letting the principal tailor the powers they assign. For example, they can let the agent act as a landlord, manage property, or engage in real estate transactions.
The principal can choose whether to make the agent’s powers durable. If they decide to grant durable powers, the agent will continue to have authority even if the principal becomes incapacitated. Otherwise, the document will be nondurable, meaning the agent’s powers expire when the principal becomes incapacitated.
Legal Considerations
Statute: RI Gen. Laws § 18-16-3.
Signing Requirements: Notary acknowledgment is necessary for the conveyance of real property (RI Gen. Laws § 18-16-2(b)).
