A West Virginia real estate power of attorney is used when someone (the “principal”) wants to give another person (an “agent”) the authority to handle certain real estate duties on their behalf. The agent may be able to carry out tasks including, but not limited to, the buying or selling of property, overseeing maintenance, hiring contractors, collecting rent, and executing rental agreements. The agreement will remain in place in the event the principal becomes mentally incompetent unless otherwise stated in the form. This power of attorney can be revoked at any time; however, the principal must issue a written statement of revocation in order to do so.
Statutory Form – §39B-2-104
Signing Requirements (§ 39B-1-105) – Notary Public
West Virginia General Power of Attorney – This type of power of attorney can allow the principal to give the agent the power to handle virtually any aspect of the principal’s finances.