What is the master lease?

A master lease is a single lease that covers multiple properties leased from a landlord to a tenant. As a single lease, a master lease will not break out rents ascribed to individual properties. All properties within a master lease are bound by a single payment, lease escalation and lease renewal schedule.

What are the responsibilities of a commercial property manager?

Commercial property managers oversee the maintenance and occupancy of commercial properties, such as offices and shopping plazas. They usually manage multiple tenants; job duties include collecting rents, handling requests for maintenance or repairs, and negotiating new lease contracts.

Which of the following is among the typical responsibilities of a residential property manager?

The property manager’s responsibilities might include supervising and coordinating building maintenance and work orders, doing light handyman and cleaning work, resolving tenant concerns and complaints, advertising, showing and leasing vacant units, collecting and depositing rent and communicating regularly with the …

What is a master landlord?

Master Landlord the landlord under any ground lease or lease of all or any portion of the Property, subject to the space leases, which may now or hereafter affect all or any portion of the Property. Master Landlord .

What is a commercial master lease agreement?

A master lease is an agreement by which a Tenant leases a property a period of time from an Owner of a commercial property who may be inclined to relinquish control of the asset. The agreement provides the Tenant with the ability to then sub-lease portions of the property to other individual tenants.

What is the difference between commercial property management and residential property management?

The role of a commercial property manager Unlike a residential property manager, commercial property managers aren’t usually involved in the leasing of the property. They may, however, be very involved with contractor liaison to ensure a well-kept, clean and safe commercial premises.

What is the job description of a assistant property manager?

An Assistant Property Manager, or Property Management Specialist, is responsible for overseeing real estate properties and tending to the needs of tenants. Their duties include researching and contacting potential tenants, arranging for building maintenance and managing payments and budgets.