 | Nevada Real Estate ONLY Power of Attorney Form |
The Nevada real estate only power of attorney form is a legal document that shall permit the Principal to designate an Agent who shall compentently oversee the management, refinancing, sale, purchase or to complete transactions for any of the Principal’s specified real property. This document does not provide any rights to any health care decisions on behalf of the Principal. There is no permission to make decisions regarding the Principal’s money or finances.
The elected Agent should oversee the property with the intention of proper management, consistent with the wishes of the Principal. The Agent must manage and/or transact any of the business with regard the Principal’s real property as if the Principal were present and able to make their own decisions, while they are absent or absent due to illness
The Parties must submit signatures within this document onlybefore a Notary Public. This document may be revoked at the discretion of the Principal. Notice must be in writing and delivered to the appointed Agent, or by creating a new powers document with a new Agent.
How to Write
Step 1 – The Parties – Submit the following:
- The Principal’s full name
- The Principal’s address
- City
- State
- AND
- The Agent’s full name
- The Agent’s address
- City
- State
Step 2 – Article I. Assignment of Authority – The Principal must select and initial one or more of the powers that they wish to grant to the Agent, from the following:
- Sale of Real Estate
- Purchase of Real Estate
- Management of Real Estate
- Refinancing
Step 3 – Article III. Term – In this section the Principal must establish the term. Select and initial one of the following options:
- Specify the beginning and ending dates
- Non-Durable Option – will allow the document to become immediately available to the Agent and will only terminate upon the incapacity, death or revocation of this document
- The Durable option, would make the document immediately available to the Agent however, this option shall only terminate if the Principal would choose revocation of powers, or in the event the Principal is deceased
Step 4 – Article VI. Revocation and Signatures –The party’s signatures must only be submitted before a licensed Notary Public:
- Enter the date of the signatures in mm/dd/yyyy format
- Enter the Principal’s Signature
- The Principal’s printed name
- AND
- Submit the Agent’s Signature
- Submit the Agent’s printed name
- AND
Witness Information –
- Witnesses must review the paragraphs
- Enter the witnesses printed names
- Submit the witnesses signatures
- Provide the witnesses printed names
Step 5 – Notarization –
The Notary Public, shall record the identification information per witness. Once the signatures have been provided, the Notary will then complete the remaining information that is required by the state in order to acknowledgement of the completed and signed document
Step 6 – Agent’s Acceptance –
- Agent(s) must review and agree to the statement provided
- Enter the Agent(s) Signatures
- Provide the Agent(s) printed names
