 | Tennessee Real Estate ONLY Power of Attorney Form |
The Tennessee real estate only power of attorney form is a legal document in which a Principal would provide authorization to the Agent to act on the Principal’s behalf with powers approved by the Principal, with regard to any business pertaining to the sale, purchase, refinancing, management or to perform any other related transactions that may require signature on behalf of the Principal in their absence.
The Principal should review the document thoroughly before completion and signatures. If the document isn’t clear, the Principal may wish to consult with an attorney for proper legal guidance. This document will not grant the Agent any powers related to financial accounts, personal property or the health care decisions on the Principal’s.
The document will require that all signing parties be present and the document be notarized before the Notary so that it may be effective. The Principal may revoke this document at any time. Revocation must be in writing and must be delivered to the Agent(s)
How to Write
Step 1 – The Parties –
- Principal’s name
- Principal’s address
- City
- State
- AND
- Agent’s name
- Agent’s address
- City
- State
Step 2 – Assignment of Authority – Select and initial any or all of the following power options:
- Sale of Real Estate
- Purchase of Real Estate
- Management of Real Estate
- Refinancing
Step 3 – Article III Term – The Principal must establish the Term of the document. Only one may be selected:
- A simple commencement and termination date
- Non-durable preference shall be available immediately and would expire only if the Principal should revoke the document or if the Principal becomes incapacitated, disabled, or upon the Principal’s death
- The durable option shall be available immediately. The document would only terminate in the event of revocation or in the event of the death of the Principal
Step 4 – Article VI. Revocation and Signatures – Signatures must entered before a notary public –
- Provide a specific date of revocation in dd/mm/yyyy format
- Principal’s signature
- Print the name of the Principal
- AND
- Enter the Agent’s Signature
- Agent’s printed name
Step 5 – Affirmation by Witnesses – Witnesses must read the affirmation:
- Enter printed name(s) of each witness
- Each witness must submit their signatures
- Printed name
Step 6 – Notarization –
When the document is completed the Notary Public shall then witness all signatures and enter their state required information that shall acknowledge the authenticity of the document.
Step 7 – Acceptance by Agent – The Agent shall review the acceptance and provide the following:
- Agent’s Signature
- Print the Agent’s name
