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Updated about 7 years ago on . Most recent reply

User Stats

13
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4
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Jacob Glawson
  • Birmingham, AL
4
Votes |
13
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Lease Agreement with LLC or Personal Name?

Jacob Glawson
  • Birmingham, AL
Posted

Hello BP Family!

Question for all you pros out there. I currently have a property that I purchased with cash and it is in my LLC name. The property has a tenant and the lease agreement is between them and my LLC. However, I am considering doing a cash out refinance on this property which will require that the title be transferred to my personal name. If I do this, will I also need to redo the lease agreement with the tenant so that the lease is with the tenant and me as opposed to the LLC?

TIA

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