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Resolution to Sell Real Estate

Sample Corporate Resolution

In the event that a company decides to sell its property, it will require a corporate resolution to sell real estate.

This is a straightforward document that cites the name of the buyer and the location of the company's property. The location of the real estate sold may be at a street address, section, block, or lot. Wrapping up, a corporate resolution to sell real estate will agree to terms of the contract of sale and include any closing documents in connection therewith.

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How do our sample corporate resolutions work?

1

Select a resolution

Choose the document you need from our list of over 60 free corporate resolution samples.

2

Fill in your details

Replace the highlighted sections of the document with the details relevant to your business.

3

Download your resolution

Once completed, you can download your resolution as a word document or print directly from the browser.

Sample Corporate Resolution to Sell Real Estate
(Text Only Version)

COMPANY NAME

Resolution to Sell Real Estate

WHEREAS, the Corporation owns certain real estate that is no longer needed for the operation of the business and that it would further be desirous to sell some; be it:

RESOLVED, that the Corporation sell real estate known or described as ADDRESS 1, CITY, STATE, AND ZIP to BUYER for the purchase price of PRICE ($PRICE NUMERICAL) as set forth in a certain purchase and sales agreement as annexed hereto.

The undersigned hereby certifies that he/she is the duly elected and qualified Secretary and the custodian of the books and records and seal of COMPANY NAME,a corporation duly formed pursuant to the laws of the state of YOUR STATE and that the foregoing is a true record of a resolution duly adopted at a meeting of the DIRECTORS/MEMBERS and that said meeting was held in accordance with state law and the Bylaws of the above-named Corporation on MEETING DATE,and that said resolution is now in full force and effect without modification or rescission.

IN WITNESS WHEREOF, I have executed my name as Secretary and have hereunto affixed the corporate seal of the above-named Corporation this DAY OF THE WEEK, CURRENT MONTH of CURRENT YEAR.

SECRETARY NAME, Secretary


What kind of information do I need to create a resolution to sell real estate?

The purpose of any corporate resolution is to document the actions the board of directors will take on behalf of a corporation. When you create a resolution to sell real estate, you need to include the following information:

  1. The legal name of the corporation
  2. The address, city, state, and zip code of the real estate that is to be sold by the corporation
  3. Name of the buyer
  4. Purchase price (numerical)
  5. Statement of purchase and sales agreement
  6. The state where the business is formed
  7. Information about the directors/members
  8. The date on which the agreement to sell real estate is made
  9. The current day, month, and year when the agreement is signed
  10. Signature and date signed

This resolution must document the actions that are authorized to be taken by the business and should be stored along with your corporate records.

Frequently asked questions

Yes, property and other real estate assets may be sold directly to your LLC. However, forming an LLC means that your property, including real estate, is kept separate from the business due to limited liability protection. Selling your property to your LLC means the property, or real estate, is no longer considered a separate asset. Should you have additional questions, it is wise to consult a legal professional or individual state laws for more information.

An LLC is legally capable of selling property. The LLC will transfer ownership to new owners through property deeds. The deed must be signed by an individual with legal authority. Otherwise, the deed is invalid, and the sale is unauthorized.

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