Colorado Master Lease Agreement between Lucent Technologies, Inc. InterNetworking Systems and PhoneXchange, Inc.
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How to fill out Master Lease Agreement Between Lucent Technologies, Inc. InterNetworking Systems And PhoneXchange, Inc.?
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FAQ
A Master Lease is similar to a ?line of credit? to purchase equipment or other assets, in support of business growth. A Master Lease is an umbrella lease that covers multiple leases for different equipment purchased at different times.
What is Master Leasing? A master lease is a type of lease that gives the lessee the right to control and sublease the property during the lease, while the owner retains the legal title. In this case, a housing authority or service provider would be the lessee, allowing them to sublease the property to its clients.
MASTER TENANT: Tenant who moved into the premises under a written or oral contract with the landlord or who inherited the apartment after the original master tenant left. S/he collects the rent from the subtenants and pays it to the landlord. He is also responsible for informing the landlord of repair and other issues.
To be contrasted with a lease contract for a single transaction involving a specific unit of equipment, a Master Lease is essentially a line of credit to draw from over time in order to purchase equipment.
A master lease is a continuing lease arrangement, preferred by customers who anticipate multiple installations over a sustained period of time. This arrangement allows the customer to sign a single agreement and make one agreed payment, instead of several agreements, with several separate payments.