What is a Limited Power of Attorney and when is it safe to use?

A limited POA is one which only allows the attorney to do specific acts or sign specific documents such as cheques. Because it specifies and restricts the acts which may be done by an attorney than a regular POA, it minimizes the chances that an attorney may do acts or sign documents that would not have been allowed or intended by the person who made or granted the POA.

A limited POA must expressly set out the circumstances under which the POA can be used. For instance, to execute the Agreement of Purchase and Sale and all closing documents related to the purchase of a certain property.

This question was answered by Shaffiq Dar (Real Estate Lawyer)