Corporate Resolution To Buy Property Today

: 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.

: The core of the story where the board formally votes to authorize the purchase.

: 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] corporate resolution to buy property

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

, 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] : It proves to lenders, title companies, and

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

: A clear description of the real estate (often including the legal address). Example Template RESOLUTION OF THE BOARD OF DIRECTORS

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