Posted by Don on March 06, 2002 at 10:16:53:
Can the PM sign in CA? Where in the law would one find such a thing? I thought the idea was to keep the landlords name out of the mix.
If not, couldn’t you simply put the PM in the position of a principal, i.e., I lease to my PM then my PM subleases?
Corp. as mgmt, who signs? - Posted by Kim
Posted by Kim on March 05, 2002 at 14:14:18:
Here is the scenario: i set up a C corp to manage all my properties and hold them in a trust with me as trustee. My LLC is the beneficial interst holder. I will be selling them all on a lease/option. In what capacity do i sign the lease? and the option agreement? I will be using BB’s management agreement in his trust course. Thank you.
Re: Corp. as mgmt, who signs? - Posted by William Bronchick
Posted by William Bronchick on March 06, 2002 at 05:52:00:
Depends on your state law and whether property managers can sign a lease. To be safe, I would put the landlord’s name on the lease (the trust) and sign as trustee. You can collect payments on the lease through the management corp.