Updated almost 3 years ago on . Most recent reply
Listing DBA as Tenant Name on Commercial Lease Agreement (Retail
I'm signing a commercial lease and i have created an LLC for it. This is my first time doing it, when the landlord company sent me the lease agreement. Mine and my partner name is listed in Tenant as following " Joe Doe and John Dee DBA Timeline Greater LLC". If something happens like i'm not able to pay the rent on time, or something happened with the property in terms of repair (NNN lease) which i am not able to cover. Am I personally liable for it or will my LLC be liable for it?
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You would normally sign as John Doe, Managing (or Authorized) Member of Acme LLC.
Your LLC's operating agreement will determine who can sign on behalf of the LLC, and whether one managing member can sign, or whether all members need to sign, etc.
Your lease (or a lease guaranty) will dictate whether you are also personally liable for the rent.
- Jeff Copeland
