Georgia Finance Master Lease Agreement
Description
How to fill out Finance Master Lease Agreement?
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FAQ
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 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.
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.
You receive all profits, i.e., net cash flows after subtracting the regular lease payments and expenses. The buyer receives all tax benefits from the property. You are responsible for managing and maintaining the property, including paying utility bills, annual insurance premiums and property taxes.
EXPEDITED ACCESS TO BUILDINGS AND UNITS Master leasing strategies allow service providers to quickly house clients and cut down on the time people have to wait for a housing unit.
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.
Master leasing allows the system to overcome some of the more traditional barriers people face in accessing housing in the private rental market, including incarceration and eviction histories or issues related to credit, employment, or income.
Master Lessor means the lessor in the Master Lease; ?Master Lessee? means the lessee in the Master Lease. This Lease is subject to the provisions of the Master Lease and if there is any conflict between this Lease and the Master Lease, the Master Lease governs.