 | Iowa Real Estate ONLY Power of Attorney Form |
The Iowa real estate only power of attorney form is a document that allows a Principal to delegate powers to an Agent, selected by the Principal, to see to the care, management, sale, purchase, refinancing of their real property in the absence, for whatever the reason, of the Principal. The Principal may provide as much or as little power as they wish, remaining aware that they may amend or change the document if they so desire. The Principal should review the document closely before completion and signature to ensure that they understand the contents of the document, fully. If the Principal finds the document to be unclear, they may wish to consider speaking with an attorney who is knowledgeable with regard to this particular kind of document.
The Agent must care for or transact any of the business entrusted to them, as if the Principal were able to be available and able to conduct their own business. Upon completion, the document must be reviewed and signatures must be witnessed by a Notary Public. Like all power of attorney forms in Iowa, this document may be revoked by the Principal at their discretion.
How to Write
Step 1 – Download the document and begin by entering:
- The Principal’s full name
- Enter the Principal’s Street Address
- City
- State
- AND
- Provide the full name of the Agent
- The street address
- City
- State
Step 2 – Article I – Assignment of Authority – The Principal must select and initial the powers they would choose to grant to their Agent, as follows: (enter any additional information required within the paragraphs)
- Sale of Real Estate
- Purchase of Real Estate
- Management of Real Estate
- Refinancing
Step 2 – Article III. Term – The Principal must select a term in which they would like to assign powers. The Principal may select one from the following options:
- Provide a commencement and expiration date
- The Non-Durable Option – States an immediate effective date and will only terminate upon incapacitation, death or document revocation
- The Durable Option would state an immediate effective date and shall only terminate upon the death of the Principal or revocation of the document
Step 3 – Article VI. – Revocation (Signatures) – By provision of Principal’s Signature, any previous existence of powers will be revoked and this document will replace it/them
- If the Principal agrees with this statement, they must provide their signature
- Printed name
- AND
- Agent’s Signature
- Printed Name
- AND (OPTIONAL)
- Enter the Signatures of two (2) witnesses
- As the witnesses read the affirmation, enter their printed name at the beginning of the paragraph (respective)
- Enter the Witnesses Signatures
- Enter the Witnesses Printed Names
- AND (REQUIRED)
- Notary Acknowledgement
Once the Notary has witnessed all signatures, the notary shall complete all of the required acknowledgement information and application of their official seal (if any)
