Corporate: Resolution To Buy Property

: 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]

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

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

: 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. : Naming the specific officer (e

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

: The core of the story where the board formally votes to authorize the purchase. : The document begins by stating when and

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