DIY Legal Forms

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Authorizing Rental Of Property

It is resolved that:

1. Property. The corporation (Corporation) may enter into a lease with [name] (Lessor) for [description of property to be leased by Corporation].

2. Rent. The annual rental that Corporation may pay for this property is to be no greater than ........ dollars ($........).

3. Term. The term of the lease is not to exceed [number] years.

4. Authorization. The President and Secretary of this Corporation are authorized and directed to receive and enter into the lease of the above-described property with Lessor.