Q: Changing existing leases by lining though intended area and make corrections and initial and date changes.
I have a few rentals and I just incorporated to an LLC. I want to have all the leases in the LLC name vice my name which is presently listed on the leases as Landlord/Owner.
Can I make corrections on the existing leases by lining through my name and writing the LLC’s name and have both the tenant and myself initial the corrections and date it or do I need to do a new lease.
I have properties in Pennsylvania and Virginia and no other content will be changed.
A: I would not recommend making changes in this fashion. If you want to look legitimate and not risk your documents coming under scrutiny by a court, you should have a lawyer draft your own documents for use in your business.
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