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1031 Exchange - Tenant in Common tenants in common Master Lease
Triple Net Lease & TIC Master Lease
MASTER LEASE STRUCTURE IN tenants in common1031 exchange REPLACEMENT 1031 property PROGRAMS
1031 exchange Sponsors may offer tenants in common properties on a triple net lease Master Lease structure to 1031 exchange
investors.
WHAT IS A Triple Net (NNN) MASTER LEASE?
In a Master Lease structure, a single entity leases the entire property from the owners in return for a stipulated rent. The owners of the 1031 property have only one tenant, the "Master Lessee," per the master lease. The Master Lessee is responsible for the management, maintenance, repairs, leasing, taxes, assessments, and insurance. Most commonly referred to as a "triple net" lease, the structure requires that the owners of the property receive their rent due on time from the Master Lessee.
