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.

: 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

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 : It proves to lenders, title companies, and

: The document begins by stating when and where the meeting took place. : It proves to lenders