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Updated almost 8 years ago,

User Stats

125
Posts
48
Votes
Tyler Brown
  • New York City, NY
48
Votes |
125
Posts

Who should a lease refer to as the owner for a trust owned home?

Tyler Brown
  • New York City, NY
Posted

My mother in law owned a SFH that was recently put into a trust. My mother in law is the grantor, my wife is the trustee, and I'm taking care of all the day to day management and landlording duties for the home.

I'm getting the home ready for tenants, and have created a lease that I'll be using.  It's a heavily edited template, and I'm just about done, although the very beginning of the lease is what I'm curious about.  The first line of the template I'm using states,

"THIS LEASE AGREEMENT is made and entered into this ___________ day of _______________, 20___, by and between [owner's name], with an address at [owner's address] (hereinafter referred to as "Landlord") and [Tenant's name] with an address at [Tenant's address] (hereinafter referred to as "Tenant").

Since it's owned by a trust, would [owner's name] simply be "The ABC Trust"?  What address would be listed?  The bank where the trust has its accounts?

I was thinking about listing something like, "The ABC Trust, with Tyler Brown acting as its primary agent and landlord of property" and putting my own personal address, but I'm interested to get other's opinions.

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