Hi guys
I self manage my own IPs and haven't come across this latest issue as previous IPs were just in my own name. I have recently created a Discretionary Trust (ABC Trust) with a Corporate Trustee (XYZ Pty Ltd). The name that the IP was bought in as listed on the Contract was "XYZ Pty Ltd ACN 123 456 789 as trustee for the ABC Trust".
Now I am wondering what I put down as the Landlord name on the Tenancy Agreement? I am conscious that for the sake of asset protection my Company XYZ Pty Ltd should not engage in business direct with the public so I am little confused...?! Options seem to be:
* XYZ Pty Ltd ACN 123 456 789 as trustee for the ABC Trust
* My name, Director and Secretary of XYZ Pty Ltd ACN 123 456 789
* My name
* ABC Trust
Any one else come across this and what did you list as your name on lease documents with tenants?
To tell the whole story all properties, whether purchased in personal names or Trusts have both myself and my wife on the paper work. I am the Director & Secretary of XZY Pty Ltd and she is Director of XYZ Pty Ltd. I have previously just listed my name on IPs purchased in personal names but perhaps I should list her too?
Cheers
Ben
I self manage my own IPs and haven't come across this latest issue as previous IPs were just in my own name. I have recently created a Discretionary Trust (ABC Trust) with a Corporate Trustee (XYZ Pty Ltd). The name that the IP was bought in as listed on the Contract was "XYZ Pty Ltd ACN 123 456 789 as trustee for the ABC Trust".
Now I am wondering what I put down as the Landlord name on the Tenancy Agreement? I am conscious that for the sake of asset protection my Company XYZ Pty Ltd should not engage in business direct with the public so I am little confused...?! Options seem to be:
* XYZ Pty Ltd ACN 123 456 789 as trustee for the ABC Trust
* My name, Director and Secretary of XYZ Pty Ltd ACN 123 456 789
* My name
* ABC Trust
Any one else come across this and what did you list as your name on lease documents with tenants?
To tell the whole story all properties, whether purchased in personal names or Trusts have both myself and my wife on the paper work. I am the Director & Secretary of XZY Pty Ltd and she is Director of XYZ Pty Ltd. I have previously just listed my name on IPs purchased in personal names but perhaps I should list her too?
Cheers
Ben