Limited Power of Attorney - Vermont

LIMITED POWER OF ATTORNEY (VERMONT)

Before you use this: This document authorizes one renewal of an identified equipment lease. Complete the equipment, existing lease, lessor, renewal term, and maximum cost before signing. It grants no authority over land. A separate land transaction needs parcel-specific authority and review of deed acknowledgment and town recording under 27 V.S.A. § 341(a).

Appointment

I, [PRINCIPAL FULL LEGAL NAME], of [ADDRESS], appoint [AGENT FULL LEGAL NAME], of [ADDRESS], to act for me only for the lease renewal described here.

Identified renewal

Existing equipment lease: [DATE, CONTRACT NUMBER, AND PARTIES]

Equipment: [MAKE, MODEL, SERIAL NUMBER, AND LOCATION]

Lessor: [LEGAL NAME AND ADDRESS]

Permitted renewal period: [START DATE] through [END DATE]

Maximum total renewal cost, including fees and taxes: $[AMOUNT]

Other required terms: [SPECIFY OR WRITE NONE]

My agent may request the lessor's renewal terms, negotiate within the limits above, sign one renewal of this existing equipment lease in my name, give or receive related notices, and obtain a signed copy for me. The agent may not replace the equipment, extend beyond the stated end date, raise my total obligation above the ceiling, add a guaranty or financing obligation, or enter a new lease. A blank material field gives the agent no authority to set that term.

The authority is limited to the acts written here. I do not grant authority to do all acts that I could do or incorporate general authority for a statutory subject under 14 V.S.A. §§ 4031(c) and 4032(b).

Authority withheld

My agent may not make gifts; create, amend, or end a trust; change a beneficiary or survivorship right; delegate this power or authorize anyone else to exercise it; waive a survivor benefit or spousal right; exercise a power over electronic-message content or intellectual property; disclaim property; convey through an enhanced life estate deed; sell land; borrow against my property; make health-care decisions; or make or change my will. None of the twelve acts requiring an express grant in 14 V.S.A. § 4031(a) is granted.

Start and end

This power is effective when I sign it. It remains effective if I later become incapacitated or unavailable under 14 V.S.A. § 4004. It ends when the single authorized renewal is signed or, if earlier, at [TIME] on [EXPIRATION DATE]. It may terminate sooner under 14 V.S.A. § 4010(a), including on my death. Revocation is subject to § 4010(g)'s rule after an incapacity determination.

This instrument does not revoke an earlier power of attorney.

Agent's duties

An agent who acts must follow my reasonable expectations to the extent actually known and otherwise act in my best interests, act in good faith, and remain within this grant. The agent shall keep the signed renewal, notices, and any payment records, and give me copies on request.

Principal's signature

I sign this limited power of attorney on [__/__/____] at [CITY, VERMONT].

Principal's signature: ____________________________________

Printed name: [PRINCIPAL FULL LEGAL NAME]

Acknowledgment

State of Vermont, County of [COUNTY]. This record was acknowledged before me on [__/__/____] by [PRINCIPAL FULL LEGAL NAME].

Notarial officer's signature: ____________________________________

Printed name and title: [________________________________]

Official stamp: [STAMP] Commission expires: [__/__/____]

Agent's receipt

I acknowledge receipt and the limits of this power.

Agent's signature: ____________________________________ Date: [__/__/____]

Sources and References

• Vermont Legislature, 14 V.S.A. chapter 127 and 27 V.S.A. § 341.