A South Dakota real estate power of attorney form allows an individual (the principal) to elect a representative (the agent) who can conduct business concerning the principal’s property on their behalf. Actions such as buying, selling, or leasing the principal’s property can be carried out by the agent. If the principal opts to elect an agent to manage their property, the representative will be able to insure it against liabilities, purchase supplies, and hire laborers for reparations or renovations.
Because the agent can act without continually checking in with the principal, they’re expected to carry out their duties as they believe the principal normally would, keeping their best interests in mind. This document is made official once it has been signed by the principal, the agent, and notarized by a notary public.
Statute – § 59-12-26
South Dakota General Power of Attorney – Allows a principal to select an agent to represent them in their financial, legal, and real estate-related transactions.