Board Resolution Format for Leave and License Agreement

A company may have taken some premises on rent/ lease from the landlord of that property.

Here, few of the important documentation to be carried out are execution of an agreement and passing of a board resolution in this regard.

Following is a template of such a board resolution.

Specimen Board Resolution for Leave and License Agreement

#. To enter into a leave and license agreement with M/s. ...................

"RESOLVED THAT the consent of the Board of Directors be and hereby accorded to enter into a Leave and License Agreement with M/s. ....................... for the premises situated at ............(address)............. for use of the same for the company's head/branch office at ...(city)... 

RESOLVED FURTHER THAT Ms. ......................, (Designation) and Mr. ..................., (Designation) be and is hereby jointly authorised to sign and execute the leave and license agreement and to do all such acts, deeds and things ancillary thereto."


Sample Board Resolution for entering into a Lease Agreement

#. To enter into a lease agreement with Mr. ...................

"RESOLVED THAT the company do take on lease the premises located at .................(address).......... ..... ("leased property").

RESOLVED FURTHER THAT the company do enter into a Lease Agreement for a period of minimum 11 months and a maximum of 60 months with Mr. ......................., a resident of .....(his address)..........., the landlord of the leased property.

RESOLVED FURTHER THAT the company do utilise the leased property for its ...........branch for operational purposes or for any other purpose at any point of time after consultation with the senior management.

RESOLVED FURTHER THAT Ms. ......................, (Designation) and Mr. ..................., (Designation) be and is hereby jointly authorised to sign and execute the lease agreement and to do all such acts, deeds and things as may be necessary or incidental in this matter."


Draft Board Resolution for Renewal of Lease Agreement

#. To renew the leave and license agreement with M/s. ...................

"RESOLVED THAT the consent of the Board of Directors be and hereby accorded to renew for another period of 11 months the leave and license agreement entered into with M/s. ....................... for the premises situated at ............(address)............. for the .............branch office of the company.

RESOLVED FURTHER THAT Mr. ......................, Managing Director and Mr. ..................., General Manager be and is hereby jointly authorised to sign and execute the leave and license agreement and to do all such acts, deeds, things and take such steps as necessary in this connection."