Master Lease Option Agreement Forms
Description
How to fill out Master Lease Option Agreement Forms?
How to locate professional legal documents that adhere to your state regulations and prepare the Master Lease Option Agreement Forms without hiring a lawyer.
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FAQ
A lease option allows the landlord to retain the legal title of the lease option property, without the mundane management responsibilities. Lease options are also an ideal way of securing long term tenants. Most lease-options are for an average term of between 7 and 10 years.
Microsoft Word's Free Lease Agreement Template is a wonderful template for creating a legally binding contract and setting ground rules between the landlord and the tenant.
The new tenant is given the choice (the lease option) to purchase the property, at a pre-set price, during or at the end of a certain period, usually around three to four years. The tenant or more likely, an investor who then goes and finds a tenant pays an "option fee" upfront to set up the deal.
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. One common example are shopping malls, which have many stores renting space from one landlord.
Microsoft Word's Free Lease Agreement Template is a wonderful template for creating a legally binding contract and setting ground rules between the landlord and the tenant.