A Board Resolution To Purchase Property is a crucial corporate governance document required when an Australian company intends to acquire real estate. It demonstrates that the decision to purchase property has been properly considered and approved at the board level, in compliance with the Corporations Act 2001 and the company's constitution. The resolution typically includes details of the board meeting, property specifications, purchase price, financing arrangements, and specific authorizations for executing the transaction. This document is essential for corporate record-keeping, regulatory compliance, and may be required by financial institutions, regulatory bodies, or the land titles office. It's particularly important in Australia where corporate governance requirements are strictly regulated and property transactions require clear documentation of authority.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Meeting Details: Date, time, location of the board meeting, directors present, and confirmation of quorum
2. Title and Introduction: Formal title of the resolution and company details
3. Recitals: Background information explaining the context and purpose of the proposed property purchase
4. Property Details: Full description and identification of the property to be purchased
5. Purchase Price and Terms: Details of the purchase price and key terms of the acquisition
6. Board Considerations: Summary of the board's deliberations and key factors considered
7. Resolution Statement: Formal statement of the board's resolution to proceed with the purchase
8. Authorization: Specific authorizations granted to execute the purchase
9. Execution: Signature block for board members and company secretary
1. Financing Arrangements: Include when the purchase requires specific financing or borrowing approvals
2. Delegation of Authority: Include when specific officers are being authorized to execute documents or take actions
3. Due Diligence Findings: Include when referencing specific due diligence results that influenced the decision
4. Risk Assessment: Include when specific risks were considered and need to be documented
5. Conflict of Interest Declarations: Include when any directors have declared conflicts regarding the transaction
6. Special Conditions: Include when there are specific conditions that must be met before proceeding
1. Property Details Schedule: Detailed description of the property including title details, address, and specifications
2. Purchase Terms Schedule: Detailed terms and conditions of the purchase
3. Valuation Report Summary: Summary of professional valuation report
4. Due Diligence Report: Summary of due diligence findings and recommendations
5. Financial Impact Analysis: Analysis of the financial impact of the purchase on the company
6. Board Meeting Minutes Extract: Relevant extract from the board meeting minutes discussing the purchase
7. Property Documents: Copies of relevant property documents such as title searches and plans
Relevant legal definitions
Board
Company
Property
Purchase Price
Settlement Date
Completion
Contract of Sale
Vendor
Due Diligence Period
Authorised Officers
Transaction Documents
Constitution
Meeting
Resolution
Corporations Act
Title Documents
Purchase Agreement
Settlement Agent
Financing Documents
Security Documents
Permitted Use
Business Day
Related Bodies Corporate
Encumbrances
Company
Property
Purchase Price
Settlement Date
Completion
Contract of Sale
Vendor
Due Diligence Period
Authorised Officers
Transaction Documents
Constitution
Meeting
Resolution
Corporations Act
Title Documents
Purchase Agreement
Settlement Agent
Financing Documents
Security Documents
Permitted Use
Business Day
Related Bodies Corporate
Encumbrances
Clauses
Meeting Constitution
Authority and Power
Property Description
Purchase Terms
Financial Consideration
Due Diligence
Authorization
Delegation of Authority
Execution Powers
Financial Approval
Conditions Precedent
Risk Assessment
Corporate Compliance
Property Transfer
Settlement Requirements
Financing Arrangements
Document Execution
Legal Compliance
Board Approval
Implementation
Authority and Power
Property Description
Purchase Terms
Financial Consideration
Due Diligence
Authorization
Delegation of Authority
Execution Powers
Financial Approval
Conditions Precedent
Risk Assessment
Corporate Compliance
Property Transfer
Settlement Requirements
Financing Arrangements
Document Execution
Legal Compliance
Board Approval
Implementation
Relevant Industries
Real Estate
Commercial Property
Retail
Manufacturing
Healthcare
Education
Hospitality
Industrial
Technology
Financial Services
Professional Services
Agriculture
Mining
Logistics
Non-Profit
Relevant Teams
Legal
Corporate Governance
Board Secretariat
Finance
Compliance
Risk Management
Property Management
Real Estate
Corporate Affairs
Executive Leadership
Relevant Roles
Chief Executive Officer
Company Secretary
Board Director
Chief Financial Officer
General Counsel
Corporate Lawyer
Property Manager
Real Estate Manager
Compliance Officer
Risk Manager
Corporate Governance Manager
Board Chairman
Managing Director
Property Director
Legal Counsel
Company Director
Find the exact document you need
Resignation Of Director Board Minutes
Australian board meeting minutes documenting a director's resignation, including meeting details, resolutions, and statutory compliance requirements.
find out more
Board Resolution For Subdivision Of Shares
An Australian corporate resolution documenting the board's approval to subdivide company shares, compliant with the Corporations Act 2001.
find out more
Board Resolution Director Resignation
An Australian corporate document formally recording and accepting a director's resignation from the company board, in compliance with the Corporations Act 2001.
find out more
Resolution To Remove Board Member
An Australian law-compliant corporate resolution document for the formal removal of a board member, including meeting details, grounds for removal, and voting results.
find out more
First Directors Resolution
An Australian corporate governance document recording initial director decisions and appointments following company incorporation, as required under the Corporations Act 2001.
find out more
Company Secretary Resolution
An Australian corporate governance document recording formal decisions made by the company secretary under their statutory and delegated authority.
find out more
Board Resolution Of Private Limited Company
An Australian corporate document recording formal decisions made by a company's Board of Directors, legally binding under the Corporations Act 2001.
find out more
Board Resolution For Ratification Of Agreement
An Australian corporate document recording a board's formal approval and ratification of an agreement, complying with the Corporations Act 2001.
find out more
Board Resolution For Issue Of Convertible Notes
An Australian corporate governance document recording board approval for convertible note issuance, including terms and authorizations.
find out more
Board Resolution Closure Of Business
An Australian corporate document recording the board's formal decision to cease business operations, including closure procedures and regulatory compliance requirements.
find out more
Board Resolution Approving Lease Agreement
An Australian corporate resolution documenting board approval of a lease agreement and authorizing its execution.
find out more
Resolution By Trustees
An Australian legal document recording formal decisions made by trustees in accordance with trust law and the trust deed.
find out more
Unanimous Board Resolution
An Australian corporate document recording unanimous decisions made by a company's board of directors, compliant with the Corporations Act 2001.
find out more
Retroactive Board Resolution
An Australian corporate governance document used to formally ratify previous corporate actions or decisions, ensuring compliance with the Corporations Act 2001.
find out more
Resolution Of Appointment
An Australian corporate document that formally records and executes the appointment of individuals to organizational positions, in compliance with the Corporations Act 2001.
find out more
Corporate Resolution Form
An Australian corporate governance document that formally records and evidences company decisions made by the board of directors or shareholders, compliant with the Corporations Act 2001.
find out more
Board Resolution For Change In Shareholding Pattern
An Australian corporate governance document recording board approval for changes in company shareholding structure, compliant with the Corporations Act 2001.
find out more
Board Resolution Change Of Directors
An Australian corporate governance document recording board decisions regarding changes to company directorship, compliant with the Corporations Act 2001.
find out more
Board Resolution Change Of Address
An Australian corporate governance document recording the board's formal resolution to change a company's registered office or principal place of business address.
find out more
Board Resolution To Open Bank Account
An Australian corporate governance document recording the board's authorization to open and operate a company bank account, compliant with the Corporations Act 2001.
find out more
Special Board Resolution
An Australian corporate document recording significant board decisions requiring special majority approval (75% or more) under the Corporations Act 2001.
find out more
Omnibus Board Resolution
An Australian corporate document that consolidates multiple board decisions into a single formal resolution, complying with the Corporations Act 2001 and related legislation.
find out more
Non Profit Resolution To Open Bank Account
An Australian-compliant resolution authorizing bank account opening and operating parameters for non-profit organizations.
find out more
Directors Resolution For Dividends
An Australian corporate governance document recording the board's formal resolution to declare and pay dividends in compliance with the Corporations Act 2001.
find out more
Board Resolution For Bank Guarantee
An Australian corporate document authorizing the arrangement and execution of a bank guarantee, as approved by the company's board of directors.
find out more
Board Resolution For Increase In Authorised Share Capital
An Australian corporate resolution documenting the board's approval to increase the company's authorized share capital, compliant with the Corporations Act 2001.
find out more
Board Resolution For Digital Signature
An Australian corporate resolution authorizing and governing the use of digital signatures within an organization, ensuring legal compliance and establishing implementation framework.
find out more
Appointment Of Auditor Board Resolution
An Australian corporate governance document recording the board's formal resolution to appoint an external auditor, complying with Corporations Act 2001 requirements.
find out more
Resolution To Change Bank Signatories
An Australian corporate resolution document that formally authorizes changes to company bank account signatories and signing arrangements.
find out more
Resolution To Appoint A Director
An Australian corporate document formally recording the appointment of a new director to a company's board, in compliance with the Corporations Act 2001.
find out more
Board Resolution For Partnership
An Australian corporate document recording the board's formal approval and authorization of a partnership arrangement, complying with federal and state legislation.
find out more
Board Resolution For Issue Of Shares
An Australian corporate document recording board approval for issuing new company shares, compliant with the Corporations Act 2001.
find out more
Board Resolution Appointing Corporate Secretary
An Australian corporate governance document recording the board's formal resolution to appoint a company secretary, compliant with the Corporations Act 2001.
find out more
Allotment Of Shares Board Resolution
An Australian corporate document recording the board's formal resolution to issue new shares, complying with the Corporations Act 2001 and company constitution requirements.
find out more
Resolution To Open Bank Account For Association
An Australian legal document authorizing the opening of a bank account for an incorporated association, including signatory details and operating rules.
find out more
Resolution Of Sole Director
An Australian corporate document recording formal decisions made by a sole director under the Corporations Act 2001.
find out more
Removal Of Director Resolution
An Australian corporate governance document recording the formal resolution and process for removing a director from a company's board.
find out more
Partnership Resolution For Opening Bank Account
An Australian partnership resolution document authorizing the opening and operation of bank accounts, designating signatories and establishing banking arrangements.
find out more
Corporate Resolution To Sell Property
An Australian corporate governance document that formally authorizes and records a company's decision to sell real property assets, complying with federal and state corporate and property laws.
find out more
Corporate Resolution To Open Bank Account
An Australian corporate document authorizing the opening of a bank account and appointing authorized signatories under Australian corporate and banking laws.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)