A master lease agreement is a contractual arrangement between two parties, typically a property owner (lessor) and a tenant (lessee). A master lease agreement pertains to the leasing and subleasing of property, while a master service agreement pertains to the provision of services.A master rental agreement is a legal document designed with blank spaces where unique information can be filled in to save time and money. Master leases are an absolute bond net lease where the landlord collects monthly rent and the tenant is responsible for paying all OpEx and CapEx. A master service agreement (MSA) is a fundamental contract outlining the scope of the relationship between two parties. The master lease strategy, when structured with buyer and seller protections, can offer benefits to both parties and reduce many hurdles. A California lease agreement allows a landlord of residential or commercial property to write a legally binding rental contract with a tenant. A California lease agreement allows a landlord of residential or commercial property to write a legally binding rental contract with a tenant. In the event of a conflict between this Master Agreement and an Exhibit or Appendix, the Master Agreement shall prevail. Allows an owner to restrict the size and location of political signs on residential rental property.