Corporate Resolution To Buy Property [REAL]

: 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.

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

: The core of the story where the board formally votes to authorize the purchase. corporate resolution to buy property

, the Board of Directors has determined that it is in the best interest of the Company to acquire certain real property located at [Address/Legal Description] for the purpose of [Business Purpose, e.g., expanding operations];

: Naming the specific officer (e.g., President or CEO) who can sign the contracts. Example Template RESOLUTION OF THE BOARD OF DIRECTORS OF [COMPANY NAME] : It proves to lenders, title companies, and

, 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]

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 , the Board of Directors has determined that

: A clear description of the real estate (often including the legal address).