, that the Company is hereby authorized to purchase the Property for a total purchase price not to exceed $[Amount];
: The document begins by stating when and where the meeting took place. corporate resolution to buy property
: 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
, 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] Certified by: Secretary of the BoardDate: [Date] :
: The core of the story where the board formally votes to authorize the purchase.
: A clear description of the real estate (often including the legal address).
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