The Board Resolution to Purchase Property is a crucial corporate governance document used when a company intends to acquire real estate assets. It demonstrates that the purchase decision has been properly considered and approved at the board level, as required by U.S. corporate law. This resolution typically includes specific details about the property, purchase price, financing arrangements, and authorized signatories. It serves multiple purposes: satisfying legal requirements, providing authorization for officers to act on behalf of the company, and creating a permanent record of the board's decision-making process. The document is particularly important for audit trails and corporate record-keeping.

1. Title and Date: Formal title of the resolution and date of adoption

2. Recitals: Background information and reasons for the property purchase

3. Property Description: Detailed description of the property being purchased, including location, boundaries, and key characteristics

4. Purchase Price: Specification of the agreed purchase price and payment terms

5. Authority Grant: Authorization of specific individuals to execute the purchase and related documents

6. Certification: Authentication of the resolution by authorized officer or secretary of the board