Board resolution for giving our own building to property Management company to manage

To provide a template for a board resolution to appoint a property management company, you can adapt the following draft to your specific requirements.

Draft Board Resolution

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF [COMPANY NAME] HELD ON [DATE] AT [TIME] AT THE REGISTERED OFFICE OF THE COMPANY AT [ADDRESS].

"RESOLVED THAT pursuant to the provisions of the Companies Act, 2013, and subject to such other approvals as may be necessary, the consent of the Board of Directors be and is hereby accorded to appoint [Name of Property Management Company] as the property manager for the Company’s premises located at [Address of the Property] on the terms and conditions as set out in the draft agreement placed before the Board.

RESOLVED FURTHER THAT [Name of Director/Authorized Signatory], [Designation], be and is hereby authorized to negotiate, finalize, sign, and execute the Property Management Agreement and any other documents, deeds, or writings as may be required to give effect to this resolution, and to take all such steps as may be necessary to implement this decision on behalf of the Company.

RESOLVED FURTHER THAT a copy of this resolution duly certified by any of the Directors of the Company be submitted to the concerned authorities and the Property Management Company as and when required."

CERTIFIED TRUE COPY,

For [Company Name]

(Signature)

[Name of Director]

Director/Company Secretary

DIN: [Number]

Key Considerations

• Authorization: Ensure the person authorized has the specific power to execute these types of contracts under the company’s Articles of Association.

• Terms of Agreement: Before passing this resolution, review the specific scope of services, management fees, and termination clauses within the contract with the property management firm.

• Board Minutes: Ensure this resolution is formally recorded in the Minutes Book of the Company.

Summary: You can use the template above for your board resolution, ensuring you fill in the specific details (company name, property address, and the name of the management firm) and have it signed by an authorized director.