Landlord Question and Answer Forum
I am a pa landlord and just created an LLC. I want to sign a new lease with my tenants using the LLC name as the lessor rather than my own name. Is there anything I need to do or be aware of from a legal standpoint, or is it just as simple as using the LLC name in the lease?
Robert L, VA on Saturday, June 2, 2012
RE: LLC as the lessor in the lease
I use my S corp on my leases nothing to it, just need to do everything in the corp's name and have them pay the company.
Posted by
Curtis B, IN
on
Saturday, June 2, 2012
RE: LLC as the lessor in the lease
I also use a LLC and I agree with Curtis, just keep the LLC as the counterparty in the transaction. If your LLC is a single member LLC and disregarded for tax purposes, there's no requirement to report anything under the LLC name or tax I.D.
Posted by
Michael S, TX
on
Saturday, June 2, 2012
RE: LLC as the lessor in the lease
Hi, I am considering creating an LLC for handling my rental property. Any advice on the pros/cons of LLCs?
Posted by
Alisha W, IL
on
Thursday, June 28, 2012
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