Advice on commercial lease?

[JBG1978]

I’m looking to take on a commercial lease. The landlord is requesting I take it in my personal name. What’s the difference of taking it in my personal name or a company name?

 

[nmb]

I would suggest taking legal advice on this because as I understand it if you take the lease in your own name then you are risking your personal assets if you were unable to fulfil your lease liabilities going forward. If the lease was in a company name then the impact upon your personal assets would be limited although this would depend upon the type of agreement drafted and any personal guarantees. Either way, I strongly recommend taking legal advice before signing any documentation.