Purchase Real Estate - Resolution Form - Corporate Resolutions
About this form
The Purchase Real Estate Resolution Form is a legal document that allows directors of a corporation to formally authorize the purchase of real estate. This resolution is essential for corporations to acquire property beneficial to their operations, distinguishing it from similar documents that may cover leasing or property transfer agreements.
What’s included in this form
- The resolution statement outlining the decision to purchase real estate.
- Details about the property to be acquired, including its description and location.
- The purchase price of the property, along with any references to the purchase and sales agreement.
- Signatures of directors approving the resolution.
- A certification section for the Secretary to confirm the resolution's authenticity and correctness.
When this form is needed
This form should be used when a corporation's directors decide to purchase real estate rather than rent property. It is applicable in scenarios where the corporation needs to expand its facilities, invest in property for permanent use, or establish a physical location for business operations.
Who can use this document
- The board of directors of a corporation.
- Corporate secretaries who need to certify the resolution.
- Legal representatives assisting with corporate transactions involving real estate.
Steps to complete this form
- Identify the corporation by inserting its name and type (e.g., for-profit, non-profit).
- Specify the details of the real estate to be purchased, including its location and description.
- Enter the purchase price and reference any attached purchase and sales agreement.
- Ensure all directors sign the document to indicate their approval.
- The Secretary should complete the certification section to validate the resolution.
Does this form need to be notarized?
This form does not typically require notarization unless specified by local law. However, it is always advisable to check state regulations to ensure compliance.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to get the resolution signed by all required directors.
- Omitting essential details about the property being purchased.
- Not attaching the purchase and sales agreement as referenced in the resolution.
Why use this form online
- Convenience of immediate access and download from anywhere.
- Editability to customize the form to specific needs before printing.
- Reliability of having forms drafted by licensed attorneys to meet legal standards.
Summary of main points
- The Purchase Real Estate - Resolution Form is essential for corporate acquisitions of real estate.
- Ensure all directors sign the form to validate the resolution.
- Certification by the Secretary is necessary to maintain records of the decision.
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FAQ
The Purchase Real Estate Resolution Form - Corporate Resolutions is a formal corporate record that authorizes the board of directors to buy real estate. It captures the decision, property description and location, the purchase price, and signatures of directors, with a secretary’s certification. It’s used when a corporation intends to purchase property rather than rent to establish or expand facilities.
To fill out the Purchase Real Estate Resolution Form, enter the board’s decision to purchase real estate, provide the property’s description and location, state the purchase price, and reference any related purchase and sales agreement. Include signatures of the directors approving the resolution and a certification by the corporate Secretary confirming authenticity.
A typical example states that the board of directors resolves to purchase specific real estate described as [property description], located at [address], for a stated price of [amount], references the related purchase agreement, and authorizes the signatures of directors and a Secretary’s certification.
Write the resolution by starting with a clear resolution clause that the board approves purchasing real estate, then add the property description and location, the purchase price, and any reference to the purchase agreement. Conclude with the directors’ signatures and the Secretary’s certification confirming authenticity and correctness.
Yes. The Purchase Real Estate Resolution Form is a legal document used by a corporation’s board to authorize the acquisition of real estate. It creates evidence of corporate action, including the property details, purchase price, director signatures, and a Secretary’s certification.
This form differs from a leasing resolution because it specifically authorizes the purchase of real estate, including a defined purchase price and property description, along with a Secretary’s certification. A leasing resolution would typically authorize a lease and reference rent terms, not an ownership transfer.
