Transfer Title to LLC mid Lease

[Jeremy Dugal]

Hello. I currently own a duplex and hope to sign a lease with potential tenants later this week. The property is in my name personally at the moment however I recently formed an LLC and plan at some point in the near future transferring title to the LLC. This is a single member LLC. I am assuming at this point that the lease needs to be in my personal name initially. I am wondering what the ramifications are for transferring title mid lease to my LLC when I do so in the future. Do I put language in the current lease explaining that this may happen, do I add and addendum to the lease in the future, or do I need a completely new lease at that time. Thanks in advance.