Creation of new LLC + Heating costs in Chicago

Creation of new LLC + Heating costs in Chicago

Des Plaines, IL · Member since 2016 · 15 posts · 8 votes

Hi there,

I am a landlord in Chicago and working to send a new lease out to tenants. I have a few questions:

1. I have set up an LLC for the first time, and I am wondering how I go about signing the lease as the landlord? Do I still type my personal name and sign w/ my personal signature or do I reference something along the lines of "Julie george d/b/a LLC name" ? I assume the latter but just want to confirm the mechanics of actually listing the LLC name.

2. There is a Heating Cost Disclosure segment of the standard Chicago lease ad it's asking about a heating cost disclosure.  I am not local to Chicago . Does anyone know what this expected amount is to put in this line ?  Screenshot below for reference

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Brie SchmidtBusiness Member
Moderator
Real Estate Broker · Chicago, IL · Member since 2013 · 6k+ posts · 5k+ votes
4y

@Julie George

1. I always sign with the LLC name

2.  You need to order it from People's Gas or Comed depending on the heating source.  Each of them have their own forms / process to apply for the disclosure. 

https://www.chicago.gov/conten...

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  • Brie SchmidtBusiness Member
    Moderator
    Real Estate Broker · Chicago, IL · Member since 2013 · 6k+ posts · 5k+ votes
    4y

    @Julie George

    1. I always sign with the LLC name

    2.  You need to order it from People's Gas or Comed depending on the heating source.  Each of them have their own forms / process to apply for the disclosure. 

    https://www.chicago.gov/conten...

  • Jonathan KlemmBusiness Member
    Moderator
    Contractor · Chicago, IL · Member since 2016 · 4k+ posts · 2k+ votes
    4y

    Hey @Julie George - Awesome to hear that you are a Chicago landlord!  I think Brie gave you some solid advice.

    1. I don't think you HAVE to sign as the LLC, more of a personal preference. If you are the sole operating partner I do not believe legally it will matter if you sign as your name or your entity.

    2.  What @Brie Schmidt said: https://www.chicago.gov/conten...

  • Crystal SmithPro Member
    Moderator
    Real Estate Broker · Chicago, IL · Member since 2014 · 2k+ posts · 1k+ votes
    4y
    Quote from @Julie George:

    Hi there,

    I am a landlord in Chicago and working to send a new lease out to tenants. I have a few questions:

    1. I have set up an LLC for the first time, and I am wondering how I go about signing the lease as the landlord? Do I still type my personal name and sign w/ my personal signature or do I reference something along the lines of "Julie george d/b/a LLC name" ? I assume the latter but just want to confirm the mechanics of actually listing the LLC name.

    2. There is a Heating Cost Disclosure segment of the standard Chicago lease ad it's asking about a heating cost disclosure.  I am not local to Chicago . Does anyone know what this expected amount is to put in this line ?  Screenshot below for reference




    The proper signature is "Your Name, Manager, ABC Company, LLC."  This signifies signing on behalf of the LLC.
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