Document Type: DOCX
Number of Pages: 1
It is a formal board resolution passed by the directors of a company that holds leasehold land, authorizing the application for a replacement Certificate of Lease where the original has been lost or destroyed.The resolution is part of the supporting documents required when submitting Form LRA 12 to the Registrar of Lands. It officially records the company’s decision and names the director/authorized officer who will handle the application on behalf of the company.The purpose of this resolution is to:1. Authorize the application – It shows that the company’s board has approved the move to seek a replacement lease certificate.2. Designate responsibility – It empowers a named director or officer to swear the statutory declaration and sign the necessary documents.3. Ensure compliance – The Land Registration Act and Regulations require corporate entities to attach a resolution when making such applications.4. Prevent fraud – It safeguards against unauthorized individuals applying for duplicate leases without the company’s knowledge.5. Provide corporate record – It becomes part of the company’s minutes and legal records, showing the decision was properly made at a quorate meeting.
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