Pennsylvania Real Estate (Property) Power of Attorney Form
An individual or entity who has been named as an Agent to a Pennsylvania Real Estate (Property) Power of Attorney is responsible for handling the real estate affairs of another party, the Principal, in their stead. When fulfilling their role, the Agent must act in accordance to any specific instructions provided by the Principal, such as the specific circumstances they should exercise their powers, and what particular tasks they should handle. For instance, a Principal may instruct the Agent only to use their powers when they are interstate and only to use them to collect rent from tenants.
State Laws & Signing Requirements
State Laws – Powers of Attorney
Signing Requirements (§ 5601(b)) – State law stipulates that for a Power of Attorney to be effective, the following signing requirements must be met:
- The Principal must sign it either by signature or mark (should they be incapable of signing it themselves, they are permitted to direct another individual to sign it on their behalf).
- A Notary Public must acknowledge the Principal’s signature,
- Two (2) individuals must witness the Principal’s signature, and
- Include the notice outlined § 5601(c) at the beginning of the form, of which the must Principal sign.