What is a Master Lease Agreement?
Companies that continually acquire equipment at one or more locations may use a Master Lease to avoid executing a new contract for every acquisition. A Master Lease is a contract where the lessee leases currently needed assets and is able to acquire other assets under the same basic terms and conditions without negotiating a new contract. A simple one-page schedule is all that is required. A Master Lease can be used for both an operating lease and a capital lease.
