(a) A document substantially in the following form may be used to create a statutory form power of attorney for a real estate transaction that has the meaning and effect prescribed by this chapter. Nothing in this section shall prohibit a principal from using this form to grant other powers to an agent with respect to real property consistent with section 4034 of this title.
VERMONT STATUTORY FORM POWER OF ATTORNEY IMPORTANT INFORMATION
This power of attorney authorizes another person (your agent) to take actions for you (the principal) in connection with a real estate transaction (sale, purchase, mortgage, gift, or other authorized real estate transaction). Your agent will be able to make decisions and act with respect to a specific parcel of land whether or not you are able to act for yourself. The meaning of authority over subjects listed on this form is explained in the Vermont Uniform Power of Attorney Act, 14 V.S.A. chapter 127.
DESIGNATION OF AGENT
I/we _______________________________________ and _______________________________________
(Name(s) of Principal) appoint the following person as my (our) agent:
Name of Agent: _________________________________________
Name of Successor Agent: _________________________________________
Address of Property that is the subject of this power of attorney
(Street): , (Municipality)_________________________________________
_______________________________________________________________________ , Vermont.
Transaction for which the power of attorney is given:
[ ] Sale
[ ] Purchase or Acquisition
[ ] Finance and/or Mortgage
[ ] Gift
[ ] Other _______________________________________________________________________
GRANT OF AUTHORITY
I/we grant my (our) agent and any successor agent authority named in this power of attorney to act for me/us with respect to a real estate transaction involving the property with the address stated above, including, but not limited to, the powers described in 14 V.S.A. § 4034(2), (3), and (4) as provided in the Vermont Uniform Power of Attorney Act, 14 V.S.A. chapter 127, together with the incidental powers enumerated in section 4033 of that chapter.
POWER TO DELEGATE
[ ] If this box is checked, each agent appointed in this power of attorney may delegate the authority to act to another person. Any delegation shall be in writing and executed in the same manner as this power of attorney.
TERM
This power of attorney commences when fully executed and continues until the real estate transaction for which it was given is complete.
SELF DEALING
[ ] If this box is checked, the agent named in this power of attorney may convey the subject real estate with or without consideration to the agent, individually, in trust, or to one or more persons with the agent.
CHOICE OF LAW
This power of attorney and the effect hereof shall be determined by the application of Vermont law and the Vermont Uniform Power of Attorney Act.
SIGNATURE AND ACKNOWLEDGMENT
_______________________________________________________________________ Your Name Printed
_______________________________________________________________________ Your Address
_______________________________________________________________________ Your Telephone Number_______________________________________________________________________
State of _________________________________________
County of _________________________________________
This document was acknowledged before me on (Date) _________________________________________
by _______________________________________________________________________ (Name of Principal)
_________________________________________ (Seal, if any)
Signature of Notary _________________________________________
My Commission expires: _________________________________________
(b) A power of attorney in the form above confers on the agent the powers provided in subdivisions 4034(2), (3), and (4) of this chapter.