A Board Resolution For Mortgage of Property is a crucial corporate governance document required in Canadian jurisdictions when a company seeks to mortgage its real property assets. This document is necessary to comply with both federal and provincial corporate laws, demonstrating that the decision to mortgage property has been properly authorized at the board level. The resolution is typically required by lending institutions as part of their due diligence process and must be prepared in accordance with the company's bylaws and applicable corporate legislation. It provides evidence that the transaction has been approved by the required majority of directors at a properly constituted board meeting, and includes specific details about the property, mortgage terms, and authorized signatories. The document is particularly important for protecting both the corporation and the lender by ensuring proper corporate authorization and compliance with governance requirements.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Header: Corporate name, meeting details, date, time, and place of meeting
2. Attendance: List of directors present and confirmation of quorum
3. Chairperson and Secretary: Identification of the meeting's chairperson and secretary
4. Notice and Quorum: Confirmation that proper notice was given and quorum was achieved
5. Background/Recitals: Context of the resolution, including purpose of the mortgage and property details
6. Property Description: Detailed legal description of the property to be mortgaged
7. Mortgage Details: Key terms of the mortgage including amount, interest rate, and lender details
8. Resolution: The formal resolution text authorizing the mortgage and related actions
9. Authorization: Specific authorization for officers to execute necessary documents
10. Certification: Secretary's certification of the resolution's validity
11. Signature Block: Space for required signatures and dates
1. Related Resolutions: Reference to previous or related board resolutions when the mortgage is part of a larger transaction
2. Additional Security: When additional security beyond the mortgage is being provided
3. Special Conditions: Any special conditions or requirements imposed by the lender or board
4. Corporate Seal: Section for affixing corporate seal if required by bylaws or lender
5. Dissent: Record of any directors' dissenting votes or abstentions
6. Legal Opinion: Reference to required legal opinions when specifically requested by lender
1. Schedule A - Property Description: Detailed legal description of the property including lot numbers, plans, and registration details
2. Schedule B - Mortgage Terms: Complete terms and conditions of the mortgage agreement
3. Schedule C - Officer Authorization List: List of authorized officers with their titles and signing authority limits
4. Appendix 1 - Corporate Registry Search: Recent corporate registry search confirming good standing
5. Appendix 2 - Property Title Search: Current title search for the subject property
6. Appendix 3 - Meeting Notice: Copy of the notice given to directors for the meeting
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking and Financial Services
Commercial Property
Industrial Manufacturing
Retail
Hospitality
Healthcare
Technology
Education
Non-Profit Organizations
Professional Services
Construction and Development
Relevant Teams
Legal
Finance
Corporate Secretariat
Real Estate
Risk Management
Compliance
Operations
Corporate Governance
Treasury
Business Development
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Corporate Secretary
Board Director
Legal Counsel
Real Estate Manager
Property Manager
Finance Director
Corporate Treasurer
Risk Manager
Compliance Officer
Business Development Director
Operations Manager
Corporate Governance Officer
Find the exact document you need
Mortgage Commitment Letter For New (Construction)
A Canadian lending document that outlines terms and conditions for financing new construction projects, including loan details, construction requirements, and draw schedules.
find out more
Mortgage Closing Disclosure Form
A Canadian regulatory-compliant form that provides detailed disclosure of final mortgage terms, costs, and conditions to borrowers prior to closing.
find out more
Letter Of Direction Mortgage
A Canadian legal document providing instructions from a borrower to a lender regarding the disbursement of mortgage funds, operating under federal and provincial banking laws.
find out more
Hardship Letter For Mortgage Assistance
A formal Canadian mortgage assistance request letter explaining financial hardship and seeking loan modification terms from a lender.
find out more
Rent Letter For Mortgage
A Canadian jurisdiction document provided by landlords to verify tenant rental history and payment reliability for mortgage applications.
find out more
Quitclaim Deed Mortgage
A Canadian legal document combining a quitclaim deed's property transfer with a mortgage agreement, transferring property rights without warranties while simultaneously creating a mortgage security interest.
find out more
Accountant Letter For Mortgage
A professional verification letter issued by a Canadian CPA to confirm a mortgage applicant's financial information for lending institutions, complying with Canadian banking and accounting standards.
find out more
Attorney Opinion Letter For Mortgage
A Canadian legal opinion letter providing assurance to lenders regarding the legal validity of a mortgage transaction and related matters under Canadian law.
find out more
Mortgage Agreement Document
A legally binding Canadian document establishing terms and conditions for property financing between a lender and borrower, governed by federal and provincial laws.
find out more
Money Gift Letter For Mortgage
A Canadian legal document confirming monetary gifts for mortgage down payments, meeting banking and real estate regulatory requirements.
find out more
Occupiers Consent Form Mortgage
A Canadian legal document where a non-owner occupant of a property formally consents to a mortgage being registered against the property, ensuring compliance with Canadian property and mortgage laws.
find out more
Accountants Certificate For Mortgage
A Canadian accountant's certification document verifying a mortgage applicant's financial status and income for lending purposes.
find out more
Discharge Of Mortgage Letter
A Canadian legal document issued by a lender confirming full mortgage repayment and authorizing the removal of the mortgage lien from property records.
find out more
Assignment Of Mortgage Document
A Canadian legal document transferring mortgage rights and obligations from one party to another, governed by federal and provincial laws.
find out more
Mortgage Request Letter To Bank For Release Of Property Document
A formal Canadian banking document requesting the release of property documents from a bank, typically used after mortgage satisfaction or for specified legal purposes.
find out more
Gifted Deposit Letter
A Canadian legal document declaring monetary gifts for property down payments, confirming non-repayment terms and meeting lender requirements.
find out more
Down Payment Gift Letter
A Canadian legal document confirming that funds provided for a property down payment are a non-repayable gift, meeting CMHC and lender requirements.
find out more
Suitability Letter Mortgage
A Canadian regulatory document that assesses and confirms the suitability of a specific mortgage product for a potential borrower, issued by financial institutions or licensed mortgage professionals.
find out more
Mortgage Letter From Bank
A Canadian bank's formal commitment letter outlining approved mortgage terms and conditions, governed by federal banking and provincial property laws.
find out more
Letter Of Intimation Of Mortgage
A Canadian legal document providing formal notification and confirmation of mortgage terms and conditions between a lender and borrower.
find out more
Housing Loan Form
A standardized Canadian housing loan agreement document that establishes terms, conditions, and obligations between lenders and borrowers in compliance with federal and provincial regulations.
find out more
Borrower Authorization Form Mortgage
A Canadian legal form authorizing lenders to collect and share personal and financial information for mortgage processing, compliant with federal and provincial privacy laws.
find out more
Board Resolution For Mortgage Of Property
A Canadian corporate resolution authorizing the mortgage of company property, documenting board approval and transaction details under federal and provincial laws.
find out more
Accountants Letter For Mortgage Lender
A Canadian accounting professional's formal attestation of a borrower's income and financial position for mortgage lending purposes, following Canadian accounting and banking standards.
find out more
Relationship Letter For Mortgage
A Canadian legal document that establishes and confirms the relationships between multiple parties involved in a mortgage arrangement, defining their roles and responsibilities.
find out more
Release Of Liability Mortgage
A Canadian legal document that formally discharges a mortgage and releases the lender's security interest in the property, complying with federal and provincial requirements.
find out more
Real Estate Mortgage Form
A Canadian legal document establishing a security interest in real property as collateral for a loan, setting out mortgage terms and conditions in compliance with federal and provincial regulations.
find out more
Mortgage Reinstatement Request Letter
A formal letter requesting mortgage reinstatement after default under Canadian jurisdiction, detailing payment arrangements and commitment to cure the default.
find out more
Mortgage Receipt
A Canadian legal document confirming mortgage payments received by a lending institution, serving as official proof of payment under Canadian banking and property law.
find out more
Mortgage Facility Letter
A Canadian lending institution's formal offer letter detailing mortgage terms and conditions, subject to federal and provincial lending regulations.
find out more
Mortgage Confirmation Letter
A Canadian lending institution's formal confirmation of approved mortgage terms and conditions, outlining loan details and requirements under Canadian banking and property laws.
find out more
Mortgage Confirmation Form
A Canadian legal document that confirms and records the essential terms and conditions of a mortgage agreement between lender and borrower(s), subject to federal and provincial regulations.
find out more
Mortgage Completion Letter
A Canadian legal document issued by lawyers/notaries to lenders confirming that all mortgage conditions have been met and the mortgage is properly registered.
find out more
Mortgage Application Closed Letter
A formal Canadian banking document communicating the decline of a mortgage application, including reasoning and regulatory disclosures as required by federal and provincial laws.
find out more
Mortgage Acceptance Letter
A Canadian-compliant formal letter from a financial institution confirming mortgage loan approval and specifying all essential lending terms and conditions.
find out more
Letter To Lender
A formal written communication to a lending institution in Canada, used for loan-related requests or updates, conforming to Canadian banking regulations and practices.
find out more
Letter For Mortgage
A Canadian financial institution's formal commitment letter outlining mortgage terms and conditions for property financing, compliant with federal and provincial regulations.
find out more
Lender Approval Letter
A Canadian-compliant formal letter from a lender confirming approval of financing and specifying loan terms, conditions, and requirements.
find out more
Letter Of Employment For Mortgage
A Canadian-compliant formal document issued by employers to verify employment status and income details for employee mortgage applications.
find out more
Home Loan Letter
A Canadian lending institution's formal commitment letter outlining the terms and conditions of a residential mortgage loan, in compliance with federal and provincial regulations.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)