This form is used when a corporation authorized and directed to execute and deliver an Right of Way and Easement, etc., on the lands in which the corporation owns an interest.
A New York Corporate Resolution to Authorize a Lease or Easement is a legal document that enables a corporation or a business entity to grant authority to enter into a lease agreement or easement with a third party. This resolution is crucial for businesses looking to acquire or grant rights to a particular property for a specified period or purpose. It outlines the specific details and terms of the lease or easement agreement, as well as the authority designated to initiate and execute the transaction. In New York, there are several types of Corporate Resolutions that may be used to authorize a lease or easement, including: 1. Standard Corporate Resolution: This type of resolution is a general authorization given by a board of directors of a corporation to enter into lease agreements or easements. It provides the necessary authority to the corporation's designated officers or authorized representatives to negotiate, execute, and manage the terms of the lease or easement. 2. Specific Property Lease Resolution: This resolution is used when a corporation wants to authorize a lease agreement for a specific property. It includes detailed information about the property, such as address, boundaries, and any zoning or regulatory considerations relevant to the lease. 3. Easement Authorization Resolution: If a corporation needs to grant or obtain an easement, whether it be for access, utility purposes, or other rights, this resolution enables the corporation to authorize such action. It outlines the specific rights and restrictions associated with the easement, including its duration and any compensation involved. 4. Term Extension Resolution: When an existing lease or easement needs to be extended beyond its original term, this resolution can be used to authorize the extension by providing the necessary approvals and specifying the new terms and conditions. 5. Lease Renewal Resolution: Similar to the term extension resolution, this type of resolution authorizes the renewal of an expiring lease. It outlines the updated terms, rent adjustments, and any additional clauses or provisions that may be required. These New York Corporate Resolutions are typically created in accordance with the corporation's bylaws and are adopted during a board of directors' meeting or through unanimous written consent. They help ensure that the corporation has the legal authority to engage in lease transactions or grant easements, safeguarding the corporation's interests and complying with legal requirements. Keywords: New York Corporate Resolution, Lease Authorization, Easement Authorization, Board of Directors, Property Lease, Easement Agreement, Term Extension, Lease Renewal, Bylaws, Legal Authority.
