Power of attorney – A power of attorney, i.e. authorising a person to act on their own behalf, can be issued informally. Real estate purchase contracts must be notarized. For this reason, it is necessary that the authorisation of a third person is also notarised. The registration of the changed circumstances in the land register is only possible under these circumstances. If this is not the case, the representative has no power of representation. A power of attorney can be revoked at any time and the return of the power of attorney document can be demanded.
- Authorising a person to act on his own behalf may be granted informally
- Real estate purchase contracts and also authorizations of third persons must be compellingly notarized.
- Only under these circumstances is the modified entry in the land register possible
- Representative has no power of representation if he does not have notarially certified power of attorney
- Power of attorney can be revoked by the principal at any time and the return of the power of attorney document can be demanded.
Back to the wiki: Real Estate