Stories

Can a lease be signed in your personal name?

Can a lease be signed in your personal name?

You can either put the lease in your company’s name, or alternatively you can sign the lease in your personal name. It is often the case that you will be given the option as to which route you want to take; in some instances, however, a landlord will demand that the lease is put in your personal name.

When does the owner of a property sign the lease?

The owner/manager receives the signed rental contract and also signs the contract. At this time, when both parties have signed the lease, the contract is considered binding to terms outlined in the agreement. Both parties get a copy of the signed lease agreement.

What happens if a lease is not signed and dated?

If the lease is not signed and dated, it is worthless. The signatures acknowledge that the landlord and the tenant agree to follow the terms of the lease. The landlord, or the landlord’s agent, such as a property manager, must sign and date the lease.

Who are the parties to the lease agreement?

The landlord, or the landlord’s agent, such as a property manager, must sign and date the lease. The tenants must also sign and date the lease. Make sure to have all tenants over the age of 18 sign and date the lease. These tenants should all be named in the “parties” clause of the lease.

You can either put the lease in your company’s name, or alternatively you can sign the lease in your personal name. It is often the case that you will be given the option as to which route you want to take; in some instances, however, a landlord will demand that the lease is put in your personal name.

Who is required to sign a lease on a property?

The lease should be signed by all adults living on the property and by the property manager or landlord. If a co-signer is part of the rental agreement, they need to sign the lease along with the tenant.

Where does the signing of a lease take place?

The Lease Signing Process. Lease signing can take place in person or be completed online before you move into a new unit. If you sign the lease with your landlord or property manager present, they should go over all the important terms with you. Make sure you ask questions and understand these parts of the lease.

How does a company sign a commercial lease?

When it comes to signing a commercial lease there are typically two ways you can approach this. You can either put the lease in your company’s name, or alternatively you can sign the lease in your personal name.

What happens when the landlord put the electric in my name?

Once utilities are in your name, you need to pay them on time each month to your utility company. Otherwise, your utilities will be shut off. If you live in a property where there are multiple dwelling units, it can have sub-meters that measure the electricity use of each unit and a master meter that totals all the sub-meter readings.

Can a personal lease be changed to a company lease?

Alternatively you could enter into negotiations with your landlord who may allow for a clause to be inserted in the contract which would allow you to switch from a personal lease to a company lease after a certain length of time. Before putting pen to paper ensure you have protected yourself and your own interests as much as possible.

Can a landlord ask if a child is on the lease?

During the application process, a landlord should not inquire about children in anyway as familial status is a protected class under the Fair Housing Act. Sometimes a tenant may view a lease only as a landlord protection but that is not the case.

What happens if an adult child does not sign the lease?

If an adult child does not sign the lease there are risks for the landlord and adult child. The risks for the landlord is that there is one less responsible party on the lease. The adult child wouldn’t be bound by the rules of the lease and it makes enforcing those rules more difficult.

How does a landlord send a lease agreement to a tenant?

Here’s an overview of a good process for sending a lease agreement to a tenant: Owner or manager sends an unsigned lease agreement to an approved rental applicant. Applicant reviews the lease agreement, signs the lease, agreeing to the terms, and mails it back to the owner/manager.

Who is responsible for rent if you don’t sign lease?

The people who sign the lease are the ones responsible for rent, damages, and other items spelled out in the lease. A renter that sneaks an additional person into the rental that is not a party on the lease is only increasing their liability. Do co-signers need to sign the lease?

Share via: