Affidavit of
Title
File No.
STATE
OF NEW
_________________________________
and ___________________________ say(s) under oath:
1. Officers. We are officers of
_________________________, a corporation of the State of
The
Secretary is _____________________________ and resides at
_________________________________.
We
are fully familiar with the business of the corporation. We are citizens of the
2. Representations. The
statements contained in this affidavit are true to the best of our knowledge,
information and belief.
3. Corporate Authority. The
corporation is the only owner of property located at
, County of , State of NJ, called this property.
The property is to be ___________________ by the corporation to
_________________________________.
This action, and the making of this affidavit of
title, have been duly authorized by a proper resolution of the Board of
Directors of the corporation. A copy of
this resolution, bearing the seal of the corporation, is attached and made a
part of this affidavit. The corporation
is legally authorized to transact business in
4. Approval by Shareholders. (check one only)
[ ]
Shareholder approval is not required.
[ ] This is a sale of all or substantially all of
the assets of the corporation. The sale
is not made in the regular course of the business of the corporation. A copy of the authorization and approval of
the shareholders is attached.
5. Ownership and Possession. It has owned this property since __________________. Since then no one has questioned its right to
possession or ownership. The corporation
has sold possession of this property.
There are no tenants or other occupants of this property. Except for its agreement with the Buyers (if
this is a sale) it has not signed any contracts to sell this property. It has not given anyone else any rights
concerning the purchase or lease of this property. It has never owned any property which is next
to this property.
6. Improvements. No additions,
alterations or improvements are now being made or have been made to this
property since __________________, 20___.
It has always obtained all necessary permits and certificates of
occupancy. All charges for municipal
improvements such as sewers, sidewalks, curbs or similar improvements
benefiting this property have been paid in full. No building, addition, extension or
alteration on this property has been made or worked on within the past four months. The corporation is not aware that anyone has
filed or intends to file a mechanic's lien or building contract relating to
this property. No one has notified it
that money is due and owing for construction, alteration or repair work on this
property.
7. Liens or Encumbrances. It has not allowed any interests (legal rights) to be
created which affects its ownership or use of this property. No other persons have legal rights in this
property, except the rights of utility companies to use this property along the
road or for the purpose of serving this property. The corporation does not have any pending
lawsuits or judgments against it or other legal obligations, which may be
enforced against this property. It does
not owe any disability, unemployment, corporate franchise, social security,
municipal or alcoholic beverage tax payments.
No bankruptcy or insolvency proceedings have been started by or against
it, nor has it ever been declared bankrupt.
No one has any security interest in any personal property or fixtures on
this property. All liens (legal claims,
such as judgments) listed on the attached judgment or lien search are not
against the corporation, but against others with similar names.
8. Exceptions. The following is a complete list of exceptions
and additions to the above statements. This includes all liens or mortgages
which are not being paid off as a result of this transaction.
9. Reliance. The corporation makes this affidavit in order
to induce the Buyer(s) or the Lender to accept its deed or mortgage. It is aware that the Buyer(s) or the Lender
will rely on the statements made in this affidavit and on its truthfulness.
the day of
___________________________ ________________________________________
Affidavit of Title- Corporation for