Indiana Option to Lease Real Estate (For Wireless Communications Facility)
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How to fill out Option To Lease Real Estate (For Wireless Communications Facility)?
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FAQ
What is a Master Lease Agreement? 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.
Traditional master leasing is a third-party leasing strategy in which an agency becomes the primary leaseholder and leases individual units, a subset of units in a single building, or all units in an entire building. The agency then subleases to the secondary tenant.
What is a MLO? It's a contract between a seller and a buyer that allows the buyer (you) to control the operations of the asset and the future sale of the property. The MLO consists of two separate documents: the master lease and the option to purchase.
Benefits of a Master Lease Agreement for the Seller The seller also receives several benefits from a master lease agreement: Income: The seller receives monthly lease payments. Freedom: The seller is no longer involved in managing the property. Easy Closing: The property sale can close quickly and inexpensively.
Do Commercial Leases Have to Be Notarized in Indiana? No, the commercial lease doesn't have to be notarized in Indiana for it to be valid. However, the landlord or tenant may request this. It's often best to do so because it protects both parties and costs less than you think to obtain it.
Remember, with the master lease, you control the operations of the property, and with the option, you control the sale of the property.
