PDA

View Full Version : Signing lease as represenative


BK
Dec 6, 2009, 12:50 PM
Can the pres of our art group sign a rental agreement without being
Having personal liability

Fr_Chuck
Dec 6, 2009, 12:51 PM
Yes and no, first they should note on the signing that it is as and for the art group.

But then is the art group a corporation, how is it set up to protect its members from personal liablit

BK
Dec 6, 2009, 12:54 PM
It's not a corp.. we're in the process of going non-profit.. I don't think there's anything in the bylaws to protect its members from liability.

BK
Dec 6, 2009, 01:02 PM
We're not a corp. we're in the process of going non-profit.. I don't think there's anything in the bylaws
About member liability.

LisaB4657
Dec 6, 2009, 01:12 PM
If you're not a corp, an llc or llp then whoever signs the lease is going to be personally liable.

See if the landlord will allow a clause in the lease that says the tenant can assign the lease at a later date to a corp to be formed and be released from all personal liability.