A document that authorises someone to act for the owner. It does not transfer ownership.
A power of attorney lets an attorney deal with property on the owner’s behalf, for example to sign documents while the owner is abroad. It is a useful tool for the diaspora.
Some sellers offer an “irrevocable” power of attorney in place of a proper sale, to avoid consent fees. The buyer then holds authority to act, but the title stays in the seller’s name.
Watch out
A power of attorney can be challenged, and it may end if the donor dies. If you are buying, insist on a Deed of Assignment and Minister’s Consent.
Related terms
General information about property in the FCT, not legal or tax advice. Rules, fees and processes change, so confirm the current position with AGIS, a lawyer or our team before you act.