A power of attorney is a savior for a busy investor

Ask a friend to grab batteries for a mouse and buy an apartment - do you find something in common? In both cases, you trust your loved one with a request to perform an important action for you, which for some reason you cannot do on your own. The only difference is that batteries will be sold to your friend without a power of attorney, but with real estate, everything will be a little more complicated. How to draw up this miracle document that allows your friends to decide the fate of your apartments and houses without your direct participation? It's easier than it might seem.

Why draw up a power of attorney, if you can do everything yourself?

If you could handle everyday affairs yourself, such a question would not arise. It is far from always possible to allocate a minute to solve even the most important issues. The contract between the principal and the attorney may be concluded in several cases:

• buying and selling real estate is just as quick and easy, with or without you. The trustee has all the necessary authority to sign contracts, transfer or receive money and keys. Without taking part in the deal, you will reap all its fruits, be it new apartments or a round sum for the old ones
• hopefully you will never have to go to court over real estate matters, but it is worth remembering that even then you can seek help from another person who can represent your interests
• even if you already have real estate and you do not plan to part with it for any money, the help of a neighbor will not be superfluous. Renewal and registration property rights is carried out under the condition of having all the necessary documents, and your presence is not mandatory< /li>
• the same applies to other documents related to real estate, such as statements, certificates and others
• the process of purchasing square meters can be somewhat delayed, thereby making your parting with funds less painful and abrupt. It is about credit, mortgage and installment. If for any reason you are not able to personally fulfill obligations and carry out operations, a power of attorney will help you temporarily transfer the necessary processes to the shoulders of another person.
• just as we offer you a unique real estate management service, the power of attorney allows you to transfer your responsibilities for housing maintenance and renting it out to your loved ones

💡 Whatever power of attorney you draw up, it is necessary to clearly indicate the list of powers, duties and conditions so that your authorized person does only what you expect from him.

What documents will have to be prepared?

To register a power of attorney at a notary, you will need a standard set of documents, as with most transactions related to real estate:

• passport of the principal
• taxpayer identification number (TIN) of the principal
• title documents for real estate, such as ownership, sales contract, donation, inheritance
• if the property is jointly acquired in marriage, the notarized consent of your spouse will be required
• may be necessary in some cases real estate valuation
• in certain situations, you may be required to provide other documents, which the notary will notify in advance

You will probably be pleased that the presence of a lawyer is not mandatory at all. It will be enough to indicate his data and current address. You don't have to match each other for this responsible event.

Step by step: procedure for issuing a power of attorney

Perhaps, the most difficult task when making a power of attorney is to find a person on whom you can completely rely. The rest will take you a few days:

1. Decide which power of attorney you need.
2. Consult with a notary to find out what documents may be required to grant a specific power of attorney.
3. Prepare all necessary documents.
4. A notary will help you draw up the text of the power of attorney correctly.
5. Check all data and sign the document.
6. The notary certifies the document you signed.
7. Do not forget to pay the expert for his services (the average registration fee starts at UAH 500).
8. You receive a certified power of attorney and can use it as intended.

The power of attorney contains data such as the date and city of issue, passport data and personal identification number of the parties, information about the object and powers of the attorney. If necessary, you can specify several trustees who will act in your interests separately from each other.

Borders of power of attorney: registration outside the home country

Considering the recent events in Ukraine, this issue is particularly relevant. It can be solved remotely. To do this, go:

• to the Ukrainian consulate. With the already familiar set of documents, visit the representatives of the native state. They will help you draw up a power of attorney in Ukrainian without any problems. Additional certification by a notary is not required
• to the local notary public. Not so simple, but still an effective option. The document is drawn up in the language of the country you are in, so you need to legalize it with the help of the same consulate, and the attorney will have to translate and notarize it with a Ukrainian notary

With a power of attorney in hand, your loved one will be able to turn to us for advice, and together we will realize your dream of apartment in the center of Kyivabout country house with a fireplace and a garden or about any other real estate. Don't put off until tomorrow what your life can do at any moment.