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Master Lease Agreement - New Mexico Department of Information

Master Lease Agreement - New Mexico Department of Information 2025

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The document outlines the procedures and terms for a Master Lease Agreement between a Lessor and Lessee for leasing equipment in New Mexico. It details the requirements for signing agreements, the responsibilities of both parties, options at the end of the lease term, and conditions regarding payment, maintenance, insurance, and default. The agreement emphasizes that leases are 'true leases' with an option to purchase at fair market value and includes provisions for cancellation due to non-appropriation of funds.

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What is the difference between a master lease and a triple net lease?

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.

What is a master lease purchase agreement?

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.

What is the master lease option method?

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.

What is the difference between a master lease and a regular lease?

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.

Does a lease agreement need to be notarized in New Mexico?

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.

What is a master lease agreement?

No, New Mexico leases do not need to be notarized. They are considered legal once both parties sign.

What is a master equipment lease agreement?

A New Mexico month-to-month rental agreement is a legal contract between a landlord and tenant that allows either party to cancel the contract with 30 days notice. The agreement offers the same protections by law for both parties as a standard lease.

Master Lease Agreement - New Mexico Department of Information 2025

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