Legal Question in Landlord & Tenant Law in Minnesota
Several years ago I leased a commercial space for starting my own business. Since I wanted to protect my personal assets from risk, I formed an LLC prior to entering into any legal agreements. I am the president and sole member of the LLC. When negotiating the lease agreement for the space I insisted that the language of the contract stipulate an agreement between the landlord and the LLC; my own name is not mentioned in the contract. Also, I did not give the landlord a personal guarantee. However, when signing the lease agreement, I neglected to include my title in the signature area. I included only my signature and the name of the LLC in the signature area. It reads "John Smith, XYZ LLC" instead of "John Smith, President, XYZ LLC". If the lease goes into default, are my personal assets at risk because of how I signed the lease agreement?
1 Answer from Attorneys
That will be the argument of LL's Attorney
Seen it litigated both ways
Who wrote the rent checks?
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