Resolution To Buy Property - Corporate

: It documents that a quorum of the Board met and agreed that the purchase is in the best interest of the company.

A corporate resolution is a formal document that records a major decision made by a company’s Board of Directors or shareholders. When a business wants to purchase real estate, the resolution serves as the official "story" of how and why that decision was made. The Purpose of the Resolution corporate resolution to buy property

: It specifies exactly what property is being bought, the price range, and who is authorized to handle the transaction. Key Elements of the Story : It documents that a quorum of the

, that [Name of Officer], the [Title] of the Company, is hereby authorized and directed to execute and deliver all necessary documents, including the purchase agreement, closing statements, and loan documents, to finalize the acquisition of the Property. Certified by: Secretary of the BoardDate: [Date] The Purpose of the Resolution : It specifies

: The document begins by stating when and where the meeting took place.

: It proves to lenders, title companies, and sellers that the individual signing the closing documents has the legal authority to bind the company to the purchase.

, that the Company is hereby authorized to purchase the Property for a total purchase price not to exceed $[Amount];