Document background
A Board Resolution For Mortgage Of Property is required when a Singapore company intends to secure financing using its real estate assets as collateral. This document demonstrates compliance with corporate governance requirements under Singapore law and provides evidence that the decision to mortgage property was properly authorized by the board. It typically includes details of the property, mortgage terms, authorized signatories, and specific powers granted for execution. The resolution is essential for banks' due diligence and forms part of the security documentation package.
