As a unit owner, you may be considering leasing out your property. This can be a great way to generate income, but it can also be a lot of work. If you don't have the time or expertise to handle the leasing process yourself, you may want to consider assigning your exclusive real estate agent as your attorney-in-fact and giving them special power of attorney for leasing out your property.

There are several benefits to doing this. First, it will free up your time so you can focus on other things. Your agent will handle all the details of the leasing process, from finding tenants to negotiating leases to collecting rent. This will save you a lot of time and hassle.

Second, your agent will have the expertise and experience to lease out your property quickly and for the best possible price. They will know the market and be able to market your property to the right tenants. They will also be able to negotiate a lease that is fair to both you and the tenant.

Third, assigning your agent as your attorney-in-fact will give them the authority to act on your behalf in all matters related to the leasing of your property. This means they can sign leases, collect rent, and handle any other issues that may arise. This will give you peace of mind knowing that your property is in good hands.

Of course, there are some risks associated with assigning your agent as your attorney-in-fact. For example, if your agent does something wrong, you could be held liable. However, these risks can be minimized by carefully drafting the power of attorney document and choosing an agent you trust.

Here are some additional things to consider when assigning your real estate agent as your attorney-in-fact:

• Make sure the agent is licensed and experienced in leasing out properties.
• Get everything in writing, including the scope of the agent's authority and the terms of their compensation.
• Review the power of attorney document carefully with an attorney to make sure it meets your needs.

By following these tips, you can ensure that assigning your real estate agent as your attorney-in-fact is a positive experience for you. Overall, assigning your exclusive real estate agent as your attorney-in-fact and giving them special power of attorney for leasing out your property can be a very beneficial decision. It will free up your time, give you peace of mind, and help you get the best possible return on your investment. If you are looking for trustworthy, experienced and licensed real estate agents, CONTACT US.