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Updated about 2 years ago on . Most recent reply

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Shaun R.
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Lease Agreement - In the name of Owner or Management Co.?

Shaun R.
Posted

My partners and I own a few properties and have recently created a separate Management Co. to manage our properties.  Moving forward, do I have the Management Co., be the named party that enters into the agreement with the Tenant?  Or do I still list the Owner as the party entering into the contract with the Tenant?  

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Drew Sygit
#2 Managing Your Property Contributor
  • Property Manager
  • Royal Oak, MI
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Drew Sygit
#2 Managing Your Property Contributor
  • Property Manager
  • Royal Oak, MI
Replied

@Shaun R.

Most states require a lease to identify the owner of a leased property, whether a person, trust, LLC, IRA, etc.

Landlord = Lord of the Land = Owner

Agent = someone legally representing the owner

Property Manager = Agent

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