Authorization of Lease Signors

If there is a concern about proper signing authority, a request should be made for the source to obtain a written letter of authorization or a corporate resolution.  In some cases, proper signing authority is apparent and therefore simple to confirm.  The structure of the lessee business is the determining factor.

1. Sole Proprietorship - Only the proprietorship (owner) is authorized to sign.  He/She should sign their title when they execute the lease.

2. General Partnership - It is preferable to have all general partners sign the lease or provide a partnership agreement.  It is, however, acceptable for the lease to be executed by any general partner who should sign his name and title.

3. Limited Partnership -  Only the general partner can execute the lease and he/shwe should sign their name and title.

4. Corporation (Corporate Only) - For deals of less then $25,000.00, a verifiable corporate officer is acceptable to execute the lease.  For deals of $25,000.00, or more, a corporate resolution is required.