MASTER LEASE and SUB-LEASE
If your rental property is owned by an individual, but you would like to lease the rental property to a tenant from your business entity (for asset protection and/or some other reason), then you need to lease the rental property to your business entity and then do a sub-lease from your business entity to the tenant. To do this, you will need: (1) a business entity, (2) a master lease from you to your business entity, and (3) a sub-lease from your business entity to your tenant.
IMPORTANT: Because this is not a sale, you will not need approval from any/all lenders for the rental property and/or a separate title insurance endorsement from your title insurance company.
I will draft the master lease from you to your business entity and then custom-draft a sub-lease from your business entity to the tenant. I only need to draft the master lease and sub-lease one time. Thereafter, you may use the sub-lease for subsequent tenants. My fee for drafting the foregoing documents is $650 ($595 if you have purchased any version of the Arizona Landlord’s Deskbook or are a current or past client of the Casler Law Office). If you do not have an LLC or corporation, I can form an LLC for you in about two weeks for an additional fee of $299 for a one-person LLC or $399 for an LLC with two or more persons (additional documents are needed for an LLC with two or more persons).
Call me today to get started: 1-866-957-6247