Yes, an individual can enter into a lease agreement with a Partnership and also be a member of that Partnership. But be aware that one particular issue may arise and needs to be covered in one of the legal documents relevant to this set up.
Lease Agreement Questions
Answers to Frequently Asked Lease Agreement and Rental Document Questions
Why is a Notice to Quit Not Included Within the Lease Agreement?
A Notice to Quit is only required when a landlord seeks to evict a tenant for the non-payment of rent. Thus, a Notice to Quit is not a part of a lease agreement; rather, it is a document that must be provided to the tenant prior to initiating eviction proceedings, as dictated by statute.
Can I Get Out of a Lease I’ve Signed If I Don’t Like Parts of It?
Unless there are unlawful terms and conditions included in the lease content, you are bound to the terms of the contract you signed.
Does Standard Legal Offer Forms To Evict Defaulting Tenants or Buyers?
If a tenant in a lease or a buyer in a land contract do not make the monthly payments as their contract dictates, the property owner must take legal action against the defaulting party to reclaim their property.