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An Authorization Letter For Buying Property is a crucial document in German real estate transactions where the buyer cannot be physically present or wishes to delegate the purchase process. This document, governed by German law, particularly the German Civil Code (BGB), must be notarized and meets specific legal requirements for property transactions in Germany. It is commonly used in international transactions, corporate acquisitions, or when buyers are unable to attend closings personally. The authorization letter specifies the agent's powers, including authority to negotiate prices, sign contracts, handle funds, and complete all necessary documentation with the land registry. It's essential for ensuring smooth property transactions while protecting the principal's interests through clear definition of the agent's authority limits.

1. Date and Place: Current date and place of execution of the authorization letter

2. Principal's Details: Full legal name, address, and identification details of the person granting the authorization

3. Agent's Details: Full legal name, address, and identification details of the person being authorized

4. Property Details: Specific details of the property intended to be purchased, including address and land registry details if available

5. Scope of Authority: Detailed description of powers being granted, including ability to negotiate, sign documents, and complete the purchase

6. Financial Authorization: Specific powers regarding financial transactions, including maximum purchase price if applicable

7. Duration of Authority: Validity period of the authorization

8. Declaration of Sound Mind: Statement that the principal is of sound mind and acting freely

9. Governing Law: Statement that the authorization is governed by German law

10. Signature Block: Space for principal's signature, witness signatures, and notary certification