Three Ways to Best Protect Your Position as Master Lessee

Here are three ways to protect your position as master lessee during the lease period:

1. Record a memorandum of lease, like the sample in Chapter 5, to give the public constructive notice that you have a leasehold interest in the property.

2. Buy a leasehold owner's title insurance policy to insure your leasehold interests—rights of possession and use of the premises—as provided for in your master lease agreement.

3. Buy a general liability insurance policy to cover you in the event that someone files a lawsuit for alleged damages sustained while on your leased property.

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