|
|
Question Title: Power of Attorney
| Question: 166 |
| I am a letting agent, managing properties on behalf of private landlords. I have been told that I need to ask all my clients to sign a power of attorney - is this true ?
|
| Answer: |
| No - in most situations, it is not necessary for you to hold a power of attorney in order to manage some else's property - a standard written agency agreement or terms of business will normally suffice. There are some unusual exceptions. An agent is not able to enter into leases of over three years (length of initial term) without formal authority - either by deed or by Power of Attorney. Also, an agent may need to obtain a Power of Attorney if he wishes to represent the landlord in court (for example in a possession action).
|
|
References:
|
Pages:
|
Hyperlinks:
|
|
Letting Update Journal |
July 1999 page 26 |
letting-update-journal.html
|
|
Letting Handbook |
17-21 |
letting-handbook-and-factsheets.html
|
For more information, discuss on the Forum
|
|
