Form with which a corporation may resolve to authorize an officer or representative to file necessary official documents for a given purpose.
Board Resolution Format For Rent Agreement In Massachusetts
State:
Multi-State
Control #:
US-0036-CR
Format:
Word;
Rich Text
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FAQ
An option to renew confers on the tenant a right to continue to rent the property for a fresh term after the expiry of the current term, i.e. to renew the existing tenancy. With an option to renew, the tenant obtains another term of tenancy and the landlord is somewhat secured with rental income as agreed beforehand.
With that in mind, here are the practical components of a lease renewal letter: Personalization. Lease expiration date. New lease terms. Description of the benefits included with the lease. Rent increase (if applicable) ... Date and contact information. Friendly introduction and framing. Key details about lease expiration.
Resolutions of the board of directors authorizing or ratifying the execution of a commercial agreement and consummation of the transaction(s) contemplated by the agreement.
In Massachusetts, if a landlord does not intend to renew a lease, they typically must provide the tenant with at least 30 days' notice before the lease term ends. This allows the tenant sufficient time to make alternative living arrangements.
Here is a quick guide on how to offer a lease renewal: Determine the Lease Renewal Period. Generally, the lease renewal notice period should be 90 days before the current lease expires to give a good amount of notice for both you and the renter. Send a Lease Renewal Letter. Draft a New Lease. Sign the New Lease.
Let them know how much you love living there, and mention how you've been a great tenant--always paying rent on time, taking good care of the place, and being a good neighbor. Show your interest in staying longer, maybe even for a couple more years, and assure them you're in it for the long haul.
Use the original lease as a guide but make sure to include any new terms you've decided upon. The draft should identify all parties involved, the property in question, the duration of the new lease term, and updated terms and conditions, among other details.
A corporate resolution document does not need to be notarized, although if it involves other transactions then those might have to be notarized. Once the document has been signed off and dated by the chairperson, vice-chairperson, corporate treasurer, and secretary, it becomes a binding document.
Examples of corporate resolutions include the adoption of new bylaws, the approval of changes in the board members, determining what board members have access to certain finances, such as bank accounts, deciding upon mergers and acquisitions, and deciding executive compensation.