Elizabeth New Jersey Power of Attorney for Sale of Motor Vehicle is a legally binding document that authorizes an individual (the "principal") to grant another person (the "attorney-in-fact") the authority to act on their behalf in selling a motor vehicle in Elizabeth, New Jersey. It is important to understand the different types of power of attorney available for sale of motor vehicles. 1. General Power of Attorney for Sale of Motor Vehicle: This type of power of attorney grants broad authority to the attorney-in-fact to sell the motor vehicle, make decisions on pricing, and handle all necessary paperwork related to the sale. It is commonly used when the principal cannot be physically present to handle the transaction. 2. Limited Power of Attorney for Sale of Motor Vehicle: This type of power of attorney grants specific, limited authority to the attorney-in-fact. It typically covers only specific aspects of the sale, such as signing the title transfer documents or negotiating the price. This type of power of attorney is useful when the principal wants to retain control over certain aspects of the sale. 3. Special Power of Attorney for Sale of Motor Vehicle: Similar to a limited power of attorney, a special power of attorney grants authority to the attorney-in-fact for a specific purpose or transaction. It can be used when the principal wants to grant someone else the power to sell a specific motor vehicle on their behalf. A Power of Attorney for Sale of Motor Vehicle must include the following details: 1. Principal and Attorney-in-fact information: Full legal names, addresses, and contact information of both parties involved. 2. Description of the motor vehicle: Detailed information about the vehicle being sold, including make, model, VIN (Vehicle Identification Number), and license plate number. 3. Powers granted: Clearly defined list of powers and responsibilities the principal is granting to the attorney-in-fact, specifying what actions can be taken on their behalf. 4. Duration and termination: Starting and ending dates of the power of attorney, or conditions that may terminate it, such as completion of the sale or revocation by the principal. 5. Principal signature and notarization: The power of attorney should be signed by the principal in the presence of a notary public to make it legally valid. It is crucial to consult with an attorney or a legal professional when creating a Power of Attorney for Sale of Motor Vehicle to ensure compliance with local laws and regulations in Elizabeth, New Jersey.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.