Property powers of attorney need practical accounting controls

The power of attorney defines authorised acts; a management agreement can address performance, fees, permitted expenditure and reporting. Align both documents. Do not assume a private instruction necessarily limits the authority presented to third parties without examining the applicable representation rules.

Examine powers to sell, mortgage, receive sale proceeds, collect rent and appoint others separately. Record spending limits, repair approvals and payment destinations. Periodic accounts supported by leases, invoices and receipts make it possible to compare reported activity with actual transactions.

If the relationship changes, do not rely only on a message saying the person no longer represents you. Check document validity, amendment or revocation procedures, necessary notifications and relevant registry updates. Legal effects depend on authority and applicable conditions, not simply a family or friendship relationship.