The Law Office of Colina King
(416) 913-8000
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Power of Attorney

LIMITED POWER OF ATTORNEY FOR REAL ESTATE TRANSACTIONS


FREE LIMITED POWER OF ATTORNEY: If a power of attorney is needed for a listing, offer, mortgage, or for the closing of residential real estate , you may print out such  a form of power of attorney from this website AT NO COST TO YOU and use it for  your Ontario real estate transaction by clicking on the box below for POWER OF  ATTORNEY FORMS.

 NOTE: When using a signed power of attorney  form, such a power of attorney form CANNOT be used for purposes of  mortgage financing or title transfer/sale UNLESS the buyer(s) or  owner(s), who granted the power of attorney ALSO;

 
(i) provides our law office (by clicking on POWER OF  ATTORNEY FORMS) with an original signed power of attorney document (prior  to the date of closing the transaction) with ONE of the two witnesses  being a lawyer, an attorney, a notary public or a government official with an  official stamp or seal being used beside the signature of the witness; PLUS you MUST provide OUR office with the NAME and FAX NUMBER (or e-mail  address) of one of the witnesses for the signing of the power of attorney (a  lawyer, notary, attorney, or government official with an official stamp or seal)  so that we can arrange with such a witness to verify identification of whoever  is signing the Power of Attorney.

 (ii)immediately send, (by fax) a copy of the signed  Power of Attorney to our office in Toronto at 416-913-8000 together  with  a LEGIBLE copy of an unexpired photo identification (current valid  passport or driver’s licence) as well as a signed and fully  completed FAX FORM regarding a power of  attorney reflecting the current date and stating that the power of  attorney granted to (insert name of person) for (buying/selling/refinancing) the  (property address) is still valid and to be used for the completion of the  transaction, with such fax being signed and showing contact residence and  business telephone numbers fax for the person signing the fax  form.


NOTE: POWER OF ATTORNEY USED FOR BUYING  or REFINANCING:
Be aware that if a power of attorney is being  used for a purchase with a mortgage or refinance, the mortgage lender must  pre-approve the use of the Power of Attorney or the lender might refuse to provide mortgage funds on the closing date. Mortgage lenders will usually approve the use of a Power of Attorney when the borrower is an existing customer  of the lending bank AND an Ontario lawyer has witnessed the power of  attorney being used. ALSO, the mortgage lender will require a legible  copy of a second form of identification to be sent to the lawyer prior to  closing.


NOTE: POWER OF ATTORNEY USED FOR SALE or  REFINANCE: Net sale proceeds will ONLY be payable to the registered owner(s) and not to the name of the person having the power of  attorney.
 
 
 
POWER OF ATTORNEY
FORMS



POWER OF ATTORNEY FOR PROPERTY: This type of power of attorney (to a person over 18 years  of age) appoints a person(s) of your choosing to make decisions about your  PROPERTY and your FINANCES, on your behalf. This may include things such as  signing documents, paying bills, selling or refinancing your real property. But  remember, your property will still belong to you and must be managed by your  attorney in your best interests and in accordance with the law. 
 
POWER OF ATTORNEY FOR PERSONAL CARE: In Ontario, The Substitute Decisions Act of Ontario allows you to appoint a trusted individual(s) (over 16 years of age), in advance, to make decisions for you if you become mentally incapable. This type of power of attorney gives a person of your choice the authority to make decisions about  your PERSONAL CARE should you become mentally incapable. Decisions about personal care involve things such as where you live, what you eat, and the kind of medical treatment you receive. You may give your attorney special instructions about the particular kind of care you want or in fact do not want (sometimes this power of attorney is called a Living Will).

 WARNING: Giving any power of  attorney is a serious matter. You are giving the person you appoint significant  power over your property and/or health care. There is always a risk that your  attorney could misuse this power. If you have any doubts about the motives or  ability of the person you are considering (or are under any pressure from your  proposed attorney) do not appoint that person. It is your decision and you must  weigh it carefully. In each case, you may appoint more than one attorney, so  that both may be required to sign for you.

 EFFECTIVE DATE: The power of  attorney will be effective immediately, when it is signed and given to the  attorney, unless you decide and specifically state in the power of attorney that  you want it to come into effect at a later date or under specific circumstances.  The form says what authority your appointed attorney will have over your  financial affairs. If you do not put in conditions or restrictions, the attorney  will have the power to do anything with your property that you could do yourself  if you were mentally capable (except make a will).

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