Primary Leasing Agreement

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January 1, 1 6 min read Definitions

Master Lease Sublease Primary Leasing Agreement Property Management Commercial Real Estate Lease Term

A Master Lease is a primary leasing agreement under which the tenant, who leases the entire property, has the right to sublease portions of it to other sub-tenants. It serves as the foundation lease agreement in situations where the property may be divided for subleasing.