GENERAL POWER OF ATTORNEY
Republic of the Philippines — Acts of administration · Template v0.2.0
KNOW ALL PERSONS BY THESE PRESENTS:
I, Lourdes A. Fernandez, of legal age, widowed, and residing at 88 Acacia Avenue, Ayala Alabang, Muntinlupa City 1780 (the "Principal"), name, constitute, and appoint Marco A. Fernandez, of legal age, residing at 15 Dahlia Street, Ayala Alabang, Muntinlupa City 1780, my adult son (the "Agent"), as my attorney-in-fact to act for me in the matters and within the limits stated below.
1. Term
This Power of Attorney takes effect on September 10, 2026 and ends on September 10, 2027, unless I revoke it sooner or it ends earlier by law.
2. Powers of administration
This is a general agency. Under Article 1877 of the Civil Code it covers only acts of administration. The Agent may:
(a) to receive mail, notices, and documents addressed to the Principal, and to sign for their receipt;
(b) to pay ordinary bills, association dues, utilities, and routine taxes and fees due from the Principal;
(c) to demand, collect, and give receipts for rent, dues, and other ordinary income owed to the Principal;
(d) to manage, maintain, insure, and repair the Principal's property described as The residential house and lot at 88 Acacia Avenue and two rental apartment units in Muntinlupa City, without selling, mortgaging, or leasing it for more than one year;
(e) to deposit, withdraw, and transact on the Principal's accounts with BDO Unibank and Metrobank, within the limits in Section 4;
(f) to transact with BIR, SSS, PhilHealth, and the Muntinlupa City Hall for routine filings, requests, and payments, and to receive the resulting documents;
If the Agent cannot or will not act, Beatriz A. Fernandez may act as successor Agent within the same powers and limits.
3. Acts that need a special power
This Power of Attorney does not authorize the Agent to: sell, mortgage, or otherwise convey or encumber land or any interest in it, or lease land for more than one year; borrow or lend money; make gifts; act as guarantor or surety for anyone; compromise, submit to arbitration, waive rights or prescription, or settle a case; bind me to a partnership; accept or repudiate an inheritance; ratify obligations made before this appointment; waive an obligation without payment; bind me to render service without compensation; or do any other act of strict dominion. Each of these needs a separate special power of attorney that I sign for that act (Article 1878). A sale of land through an agent is void unless the agent's authority is in writing (Article 1874).
4. Limits
The Agent shall not pay or commit more than Fifty Thousand Pesos (PHP 50,000.00) in any single transaction, or more than Six Hundred Thousand Pesos (PHP 600,000.00) in total in any calendar year, without my written approval.
The Agent shall act only within these powers and limits, for my benefit, and shall not use them for the Agent's own benefit or in a conflict of interest without my written consent.
5. The Agent's duties, accounting, and pay
The Agent shall carry out this agency with the care of a good father of a family, keep records of every transaction, and give me an account of everything done and received. The Agent is responsible for fraud and for negligence (Articles 1884, 1891, and 1909).
The Agent shall report quarterly, with supporting receipts.
The Agent receives no fee, and I shall reimburse the Agent's documented and reasonable expenses.
The Agent may appoint a substitute only with my written consent.
6. Reliance by others
Any person who deals with the Agent within these powers, in good faith and without notice that this Power of Attorney has been revoked or has ended, may rely on it, and I shall be bound by what the Agent does within it. I consent to reliance on a copy certified by the notary who notarized it, from the notarial records, subject to each recipient's own rules.
7. Revocation and end
I may revoke this Power of Attorney at any time (Article 1920). It also ends on the death, civil interdiction, insanity, or insolvency of the Principal or the Agent (Article 1919), and it does not continue after I lose capacity.
If I revoke it, I shall notify the Agent and the institutions that hold a copy. Where the Agent had general powers, revocation does not prejudice third persons who acted in good faith and without knowledge of it, and notice in a newspaper of general circulation is a sufficient warning (Article 1922).
Philippine law governs this Power of Attorney.