A Hawaii real estate power of attorney form is a legal document that establishes an agent-principal relationship regarding certain property management duties. The principal (an individual who executes the power of attorney document) intends to hand over certain real property powers to another individual, “agent” or “attorney in fact.” The agent must carry out these tasks to the best of their abilities and always with the principal’s best interests in mind. The principal may require the agent to carry out one simple property transaction in their stead because they are out of the country or want someone qualified to make sure the paperwork is in order before the transaction is closed.
In other cases, a person might execute a real estate power of attorney so that an agent can handle all their leases, mortgages, deeds, and other property management tasks for them. Once both the principal and agent have signed the document, in the presence of a notary public, the power of attorney is legally binding.
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