Limited Power of Attorney (LPA) is a type of Power of Attorney (POA) in Bangkok’s real estate context. General Power of Attorney grants broad authorities, while Limited Power of Attorney allows specific actions.
LPA differs from General POA in scope and duration.
Limited Power of Attorney features include buying property, selling property, and managing property specifically for foreigners in Bangkok. These actions demonstrate LPA’s utility in real estate transactions.
Common features across Power of Attorney types encompass representation, decision-making, and legal action initiation. These elements are foundational to POA functionalities.
Unusual Limited Power of Attorney features encompass property rental management, renovation project oversight, and specific legal dispute representation. These features indicate LPA’s flexibility in property management and legal affairs.
Unique to Limited Power of Attorney are handling property tax matters, executing specific bank transactions, and representing in specific government interactions. These unique features highlight LPA’s adaptability to specific needs in Bangkok’s real estate for foreigners.
Limited Power of Attorney’s specificity in tasks like buying or selling property sets it apart from General Power of Attorney, which covers a wider range of activities without task specificity. This specificity allows for a more focused and controlled delegation of authority in Bangkok’s real estate market for foreigners.
For more detailed information, refer to our glossary about Bangkok real estate.