Should I take a lease on in my personal name or my company
21st May 2014

You need to take advice from an accountant on this point to see which method is tax efficient. You should be aware that if you take a lease on in your personal name it will mean you are personally liable for the rents and as such the Landlord could sue you personally and petition for your bankruptcy in the event that you fail to pay the rent. With a limited company, you can hide behind what is called the “corporate veil” so you have the benefit of what is knows as limited liability as a company is viewed as a separate legal entity to you.

Most Landlords will insist on you entering into either a rent deposit or personal guarantee in the event that you enter into a lease through a company.

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