Rhode Island Real Estate (Property) Power of Attorney Form
An individual, referred to as the Principal, who wants to partake in real estate transactions with the aid of another party can do so by filing a Rhode Island Real Estate (Property) Power of Attorney. Comprising of directions from the Principal regarding the affairs they wish this party (referred to as their Agent) to manage in their absence, this form must be referred to by the Agent when they carry out tasks for the Principal. In cases where it is not clear how the Principal would like the Agent to proceed, the Agent should ensure they act in the Principal’s best interests.
State Laws & Signing Requirements
State Laws – Rhode Island Short Form Power of Attorney Act
Signing Requirements (§ 18-16-2) – State law dictates that for a Power of Attorney to be lawful, the Principal must sign and acknowledge it. In line with general recommendations given to the Principal of a Power of Attorney, it is highly advised that the Principal signs the Power of Attorney before a Notary Public and two (2) witnesses.