What You Need to Know

One of the essential elements of a binding agreement to lease is the identity of the parties.The parties must be named. The names must be correct. The parties must have legal capacity to contract. This may seem straightforward, but it can actually be quite perplexing. In some cases, the party named as landlord is actually a property manager, or the party named as tenant turns out to be an incorrect combination of the legal and business names of the entity, or a defunct or even non-existent corporation.

Read the full article here: Playing the Name Game - Getting to Know your Landlord-Tenant- November 4-2013

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