Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 14 years ago,

User Stats

283
Posts
45
Votes
Sorin T
  • Investor
  • colorado springs, CO
45
Votes |
283
Posts

Change rental agreement to LLC name?

Sorin T
  • Investor
  • colorado springs, CO
Posted

Hi, seasoned landlords, need some advice from you. I bought this property (TH) rehabbed it and rented it, all under my name. Naturally, the lease agreement carries my name as the landlord. Now, I read through a lot of material on this site and understood that it's better to have that under an LLC, to protect my private assets from any mishaps. I formed an LLC and plan to quit claim deed of that property from my name to the LLC. My question: do I need to redo/rewrite the lease agreement to reflect the LLC name? Or just be mindful and do the next agreement for the next tenant under the LLC name? Can the current tenant sue me for any reason (hope not) if the lease has my name on it but the property has been transfered into LLC?

Thanks for all the help, the wealth of information here is unrivaled anywhere else and seasoned investors are very helpful with newbies. AWESOME PLACE!

Loading replies...