: The document begins by stating when and where the meeting took place.

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

: It proves to lenders, title companies, and sellers that the individual signing the closing documents has the legal authority to bind the company to the purchase.

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

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