Tenant wants a new commercial lease in his company's name.

[Eric Paone]

Hey

I have a commercial tenant who wants to change the current lease of his unit to his company's name. It is an LLC based in Wyoming.

My old mentor has always stressed having leases in personal names only for the purposes of legal action for all commercial leases.

Is this legitimate logic? Does it matter what name is in the lease if the tenant ends up not paying rent or gets into legal trouble? We are in a suburban town in Pennsylvania.

[Brett Deas]

I would say have the company on there, but also a personal gaurantor. Depending on where you are entity's can easily be shut down and then you are out of luck. It's much harder to disappear as a person.