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  6. When a company is buying a property, do all the directors have to sign the contract?

When a company is buying a property, do all the directors have to sign the contract?

I act for the directors of a company in the purchase of a property, and we are due to exchange contracts soon. Do all the directors have to sign the contract?

No. Provided that the transaction has been authorised by the company, an officer of the company (usually a director or the secretary) may be authorised to sign the contract on behalf of the company.

Please see the Law Society’s Conveyancing Handbook (23rd edition) which is available for purchase from the Law Society Bookshop.
 

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Disclaimer: While every effort has been made to ensure the accuracy of the information in this article, it does not constitute legal advice and cannot be relied upon as such. The Law Society does not accept any responsibility for liabilities arising as a result of reliance upon the information given.

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