Corporate Resolution To Buy Property -

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

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

: It documents that a quorum of the Board met and agreed that the purchase is in the best interest of the company. , that the Company is hereby authorized to

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 When a business wants to purchase real estate,

, 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];

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