Arizona Real Estate ONLY Power of Attorney Form

The Arizona real estate only power of attorney form is s legal document that is completed by a Principal for the sole purpose of designating an Agent to care for any care or transactions ie: buying, selling, management, refinance, on behalf of the Principal during absence. illness or incapacitation.  The Agent must take care to ensure that the property is handled as if the Principal were available to care for their own business. This document will require two witness signatures and the acknowledgement of a Notary.

Laws – § 5-1501B

How to Write

Step 1 – Principal’s Selection of an Agent – Enter:

  • Principal’s Name
  • Mailing address
  • State of Residence
  • AND
  • Name of the Attorney In Fact/Agent
  • Attorney In Fact/Agent’s Mailing Address
  • State of Attorney In Fact/Agent’s Residence

Step 2 – Article I – Assignment of Authority – The Principal will choose the appropriate powers they would wish to grant to their designated Agent. The Principal must initial and check all of the following box(es) assigning the powers they would like to grant:

  • Sale of Real Estate
  • Purchase of Real Estate
  • Management of Real Estate
  • Refinance of Real Estate
  • Principal must read Article II

 

Step 3 – Article III – Term – The Principal will establish the term of the document from the following options:

  • Principal may select a commencement and ending date (fixed
  • If the Principal prefers a non-durable option, the document becomes immediately available and will end only if the Principal becomes disabled or incapacitated
  • If the Principal selects the durable option, the terms will begin immediately. The document will only terminate upon the Principal’s death

Step 4  – Article VI  – Revocation – All Parties who sign the document must stand before a state Notary Public. Provide the following:

  • Date the signatures in dd/mm/yyyy format
  • Enter the Principal’s signature
  • Enter the Printed name of the Principal
  • AND
  • Agent’s signature
  • Printed name of the Attorney In Fact
  • AND
  • All Witness Signatures
  • Printed names of Witnesses
  • AND
  • The Notary shall witness all signatures. The Notary will complete the form and provide acknowledgement.