Rich_in_CT 0 Report post Posted May 25, 2007 I'll be signing a lease option agreement with a seller this weekend, owner of the house is an LLC. 2 brothers own the LLC as equal partners. Do both brothers need to sign the agreement or can one act as an agent for the LLC and sign a binding agreement? Share this post Link to post Share on other sites
MichaelC 160 Report post Posted May 29, 2007 Aah, legal questions, Rich, always send everyone scurrying. I'd opt to play it safe and get all parties to sign. Share this post Link to post Share on other sites
royemunson 0 Report post Posted May 30, 2007 It all depends on their partnership/llc agreement. If one can sign and has the right to bind the contractfor all parties then it is ok. however, like Micahel said, best to get both parties to sign b/c you will usually be protected if something were to come up, but it's best not to ruin a deal this way. how do i know this? not a lawyer so don't go that route, this is the part of the CPA exam i amstudying for and have dealt with this before. Joe Share this post Link to post Share on other sites
