Master lease agreement trucking part 376 2025

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Master leasing consists of renting a property from a landlord that no longer wants to deal with the tenants, management, and tasks that go along with managing rental properties. Many times, they prefer just to collect a monthly check for the rental income and have someone else handle the day-to-day activities.
A master lease agreement for commercial real estate provides an avenue to invest in commercial real estate without tens of thousands in the bank for a down payment or millions in net worth. These agreements allow a lessee to rent a property, purchase the property and sublease it for profit.
Unlike traditional leases, where the landlord directly manages leasing to each tenant, this agreement gives the master tenant the responsibility (and opportunity) to profit from subleasing.
Gross master lease: All property costs are included in the rental fee, except taxes and insurance. Triple-net master lease: Lessees cover operating expenses (taxes, insurance, utilities) along with rent. Double-net master lease: Lessees pay a portion of taxes and insurance in addition to rent.
A master lease functions much like a line of credit in that it allows parties who regularly engage in lease transactions that involve the same type of asset to avoid renegotiating each individual lease and its respective terms and conditions.
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eCFR :: 49 CFR Part 376 -- Lease and Interchange of Vehicles.

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