Corporate Resolution to Authorize A Lease or Easement
Definition and meaning
A Corporate Resolution to Authorize a Lease or Easement is a formal document allowing a corporation's board of directors to grant authority for specific leasing or easement agreements. This resolution is crucial in ensuring legal compliance and clarity regarding who is authorized to enter into real estate contracts on behalf of the corporation.
How to complete a form
To complete the Corporate Resolution to Authorize a Lease or Easement, follow these steps:
- Begin with the corporation's name and the type of corporation (e.g., LLC, corporation).
- Record the location of the board meeting, including the address and date.
- Identify who attended the meeting, ensuring all directors are represented in the resolution.
- Clearly state the resolution adopted by the board that designates the authorized person.
- Include details of the lease or easement, including the description of the lands involved.
- Sign and date the document, ensuring the Secretary of the corporation certifies it.
Key components of the form
The key components of a Corporate Resolution to Authorize a Lease or Easement include:
- Corporation Name: Full legal name of the corporation.
- Type of Corporation: Specifies the nature of the corporation.
- Meeting Details: Date and location of the board meeting.
- Participating Directors: Names of directors present at the meeting.
- The Resolution: Clear language granting authority to a designated individual.
- Property Description: Detailed description of the property involved in the lease or easement.
- Certification: Signature of the Secretary certifying the resolution.
Common mistakes to avoid when using this form
When completing the Corporate Resolution to Authorize a Lease or Easement, avoid these common mistakes:
- Failing to include all necessary participants in the board meeting.
- Not clearly specifying the property involved in the lease or easement.
- Omitting the dates and signatures that validate the resolution.
- Using vague language that might lead to misinterpretation of the authority granted.
Who should use this form
This form is primarily for corporations looking to authorize a specific individual to manage leasing or easement agreements. It is essential for:
- Corporation executives who need clarity on signing authority.
- Board members who want to officially document decisions related to property management.
- Legal representatives responsible for facilitating leasing or easement agreements on behalf of the corporation.
Legal use and context
The Corporate Resolution to Authorize a Lease or Easement serves a significant legal purpose by providing documented proof of the decisions made by the board of directors. This resolution plays a crucial role in:
- Complying with corporate governance standards.
- Protecting the corporation's interests in property transactions.
- Preventing disputes regarding authority to enter into contracts.
What documents you may need alongside this one
When preparing the Corporate Resolution to Authorize a Lease or Easement, it is helpful to have the following documents ready:
- Corporate bylaws for reference on governance procedures.
- Minutes from the board meeting that detail the discussion leading to the resolution.
- Existing lease agreements or easements that may serve as a reference.
- Proof of ownership or interest in the property being leased or granted as an easement.
Form popularity
FAQ
Elements of a Certified Board Resolution A designation of the party for whom the resolution is being prepared for and its address. Explanation of the action being taken by the board of directors and the reason for doing so. Name of the secretary. Legal name of the corporation and state of incorporation.
Format the resolution by putting the date and resolution number at the top. Form a title of the resolution that speaks to the issue that you want to document. Use formal language in the body of the resolution, beginning each new paragraph with the word, whereas.
Unless otherwise specified in the company's constitution, directors can pass a resolution without a meeting if all directors sign a document stating that they are in favour of the resolution.
All Resolved clauses within a resolution should use the objective form of the verb (for example, Resolved, that the American Library Association (ALA), on behalf of its members: (1) supports...; (2) provides...; and last resolved urges....") rather than the subjunctive form of the verb (for example, Resolved,
The contract must be signed exactly as the name is stated on the Resolution.If the corporation has a seal, that seal must be affixed to the resolution in the appropriate place. If the corporation does not have a seal, the notation LS may be written inside the circle next to the secretary's signature.
A corporate resolution is a written document created by the board of directors of a company detailing a binding corporate action. A corporate resolution is the legal document that provides the rules and framework as to how the board can act under various circumstances.
Authorizing Resolution means a resolution adopted by the Board of Directors or by an Officer or committee of Officers pursuant to Board delegation authorizing a Series of Securities.An Authorizing Resolution shall be so adopted by both the Company and the Guarantor.
No need to notarize a corporate resolution.
