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A master lease agreement is legal document where you lease an income-producing property as a single tenant-landlord and sublease to two or more tenants to produce income. The agreement may be customized

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What is master lease agreement

A master lease agreement is a legal document that outlines the terms under which a property owner leases a certain property to a tenant, often used in commercial real estate transactions.

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Who needs master lease agreement template?

Explore how professionals across industries use pdfFiller.

Master lease agreement template is needed by:

Property owners looking to lease out multiple units or properties.
Real estate investors seeking to consolidate leases for easier management.
Businesses planning to secure a long-term lease for operational purposes.
Property management companies facilitating leases on behalf of property owners.

How to fill out the master lease agreement template

1.

Open the master lease agreement template on pdfFiller.
2.

Enter the full name and contact information of the lessor at the top of the document.
3.

Provide the lessee's (tenant's) details, including full name and address, in the specified section.
4.

Define the property being leased by including its address and any specific identifiers.
5.

Set the terms of the lease, including the duration, rent amount, and payment schedule in the appropriate fields.
6.

Outline the responsibilities of both parties regarding maintenance, utilities, and other policies.
7.

Include any additional clauses or provisions relevant to the lease, such as renewal options or termination conditions.
8.

Review all filled sections for accuracy and completeness before finalizing the document.
9.

Save a copy of the completed master lease agreement for your records and send it to the lessee for their review and signature.