Property Signature Agreement

PROPERTY SIGNATURE AGREEMENT

This Property Signature Agreement (the Agreement) is entered into by the parties identified below for the purpose of authorizing the Authorized Signer to execute specified documents and take specified actions concerning the real property described herein. Owner Name: Authorized Signer Name:

Property Identification

Recitals

WHEREAS, Owner is the legal owner of the Property identified above; and WHEREAS, Owner desires to grant the Authorized Signer limited authority to execute and deliver specified documents and instruments relating to the Property on behalf of Owner, subject to the terms and limitations set forth in this Agreement.

Grant of Authority

Owner hereby grants to Authorized Signer the limited authority to sign, execute, acknowledge and deliver the documents, instruments and notices specified in the Scope of Authority below, and to take such incidental acts as are reasonably necessary to effectuate those documents, all subject to the express limitations in this Agreement.

Scope of Authority (check all applicable)

Execute purchase and sale agreements and ancillary closing documents
Execute lease agreements, amendments and related tenant notices
Sign required property disclosure statements
Authorize and acknowledge inspection reports and repair addenda
Execute permit applications, municipal forms and related filings
Deliver and execute escrow, title and settlement instructions
Other (describe)

Limitations

The authority granted is limited as follows: Authorized Signer shall not, without the prior written consent of Owner, (a) convey fee title to the Property, create a mortgage or deed of trust encumbering the fee title, or admit liability on behalf of Owner; (b) make or alter any beneficiary designation or estate planning instrument; or (c) bind Owner to financial obligations in excess of amounts explicitly approved in writing by Owner. Any act beyond the scope set forth in this Agreement is voidable by Owner.

Transaction Details (if applicable)

Mandatory Disclosures

Lead-Based Paint (if the Property was built before 1978): Yes No
Known Mold or Water Intrusion: Yes No
Prior Material Damage or Repair: Yes No

Representations, Warranties and Covenants

Owner represents and warrants that Owner is the sole legal owner of the Property and has full authority to enter into this Agreement. Owner covenants to provide Authorized Signer with all documents and approvals reasonably necessary to carry out the acts authorized herein. Authorized Signer represents that any instrument executed on Owner’s behalf within the scope of authority will be delivered to Owner and to escrow or other affected parties in a timely manner.

Indemnification and Liability

To the fullest extent permitted by law, Owner agrees to indemnify, defend and hold harmless Authorized Signer from and against any losses, claims, damages or liabilities arising solely from Authorized Signer acting in good faith within the express scope of this Agreement. Authorized Signer shall not be liable for actions taken in reasonable reliance upon documents provided by Owner or Owner’s agents.

Term, Revocation and Termination

This Agreement shall commence on the date of the last signature below and shall continue until the earlier of: (a) the expiration date set forth below; (b) completion of the specific transaction described herein; or (c) revocation by Owner upon written notice to Authorized Signer. Owner may revoke this authority at any time by delivering written notice to Authorized Signer and to any third party reasonably likely to rely on the authorization.

Notices

Governing Law; Entire Agreement

This Agreement shall be governed by and construed in accordance with the laws of the state in which the Property is located, without regard to conflicts of law principles. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, relating thereto.

Severability; Counterparts

If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall remain in full force and effect. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.

Acknowledgment

Each party acknowledges that they have read and understood this Agreement, that they are authorized to enter into this Agreement, and that they execute this Agreement voluntarily and with full knowledge of its legal effect.

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