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Answer: Those appointed under a Lasting Power of Attorney (LPA) can sell property on behalf the person who appointed them, provided there are no restrictions set out in the LPA. You can sell your mothers house as you and your sister were both appointed to act jointly and severally.
In a PUD, each residential unit owner has ownership of their home, lot, and common area components. In an HOA, the association owns the land while the homes or condos are owned by the homeowners. In a PUD, both the home and land are owned by the homeowner, in addition to the common area.
The Oklahoma Legislature reinstated the durable power of attorney for healthcare through the adoption of Senate Bill 1596, which will again provide Oklahomans with an option to execute a healthcare power of attorney (HCPOA).
A person given power of attorney over a property cannot sell the asset unless there is a specific provision giving him the power, the Supreme Court has held in a judgment.
A homeowner association (or homeowners association, abbreviated HOA, sometimes referred to as a property owners association or POA), or a homeowner community, is a private association-like entity often formed either ipso jure in a building with multiple owner-occupancies, or by a real estate developer for the purpose
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You must direct someone else to sign your name on the power of attorney. This person must sign in your conscious presence. A signature on a power of attorney is presumed to be genuine if a notary public, or other person authorized by law to take acknowledgments, witnesses your signature.
The laws governing PoA forms vary by state; however, in Oklahoma, if you are authorizing an agent to manage real estate or child-related matters, or if you want the specified powers to remain in effect even if you are incapacitated, then the document will need to be docHubd.
Condominium Owners Association (COA) A COA is the HOA version of condominiums. Owners of condominiums share the ownership of the grounds and the building among other condominium owners. Members of a COA can expect to pay a fee to assist with basic maintenance and repairs of the building and common areas.
In 2011, the Supreme Court ruled that property sale through power of attorney (PoA) is illegal and only registered sale deeds provide any legal holding to property transactions.
The biggest difference between a POA and COAs or HOAs is its primary function and goals. Whereas the focus of an HOA is entirely residential, a POA can govern multiple types of property such as residential and business. The goal of a POA is to improve an entire area, neighborhood, or even an entire town.