Ground or Master Lease

Lease your property to Flexible long-term as-is while removing everything that makes ownership an expensive hassle.

Consistent cash flow without the vacancy, turnover costs, or responsibilities

  • Steady income

    100% occupied property with completely passive income.

  • Eliminate landlord headaches

    One tenant, one rent check, and no phone calls with unpleasant surprises.

  • Continued ownership

    Keep enjoying the possibility of future price appreciation.

How it works

Similar to other rental arrangements where the owner receives monthly rent and retains ownership. But with a Ground or Master Lease, the tenant assumes most of the operating expenses, the lease term can run for five or more years—or even decades, and it’s common for the tenant to sublease the property to a subtenant. For investors, this is a lower risk and lower effort alternative to a 1031 exchange into a "triple net" lease.

A great option if you want to convert your property to "mailbox money" with near-zero ongoing involvement.

What's possible with a Ground or Master Lease?

We'll customize our offer to fit your unique goals and circumstances.

Choose your upfront cash and monthly cash flow. We can build in flexibility to adapt to your changing needs and circumstances.

Maximize your earnings with a “lease-to-purchase.” We can pay a higher rent and provide more cash up front if you give us a right to purchase at a future date.

Lock in a lease for 1-99 years to design a stress-free lifestyle, without having to figure out what to do with sale proceeds. This can be a great estate planning tool since you can defer taxes from a sale, and maybe even give your heirs the gift of a step-up in basis.

Remember: with any kind of lease structure, including our Ground or Master Lease, you are still the owner. This means you can refinance, giving you tax-free cash with a long-term fixed interest rate. Since it's a rental property, you get to deduct the interest which reduces your taxable income.

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Considerations

With Flexible, you're in control and the details are up to you. Here are some things to consider:

  • Lease start date

  • The cash you want at lease start

  • Duration of lease term 

  • Desired cash flow

  • Any special requests

See if a Ground or Master Lease is right for you

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Why Flexible is better

  • Zero vacancy, repairs, or property management expenses
  • Predictable income every month
  • A+ "hassle free" tenant
  • No time or energy required
Traditional Lease
  • Continued expenses and responsibilities
  • Inconsistent cash flow from vacancies and repairs
  • Risk of problem tenants
  • Round-the-clock responsibilities

Ground or Master Lease FAQ

  • Some owners face a big tax bill from capital gains or depreciation recapture. Others have low property taxes, allowing for better cash flow if the property is rented versus selling and reinvesting the sale proceeds.

  • The rate may be lower than a traditional lease, but you eliminate nearly all ownership expenses, including vacancy, leasing commissions, turnover costs, most insurance, property management, and more.

  • If we default, you can evict us just like you would with a standard lease. We typically make property improvements, which keeps us invested in the arrangement—and leaves your property in better condition than before the lease.

  • We improve the property and rent it out at a rate that exceeds our total costs, or, in some cases, sell our interest to another tenant. We only consider options that align with giving owners what they want, and we never charge any fees.

Every situation is unique. So is your offer.

We'll customize your offer until everything looks good. If you want it, we want to hear about it.

Popular Add-Ons
  • Fast close
  • Custom monthly income
  • Specific amount of cash due at closing
  • Specific duration

Flexible took care of everything. I get a nice check each month and never hear from them.

Charlotte didn't want to manage her property.

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Ready to see what’s actually possible?

We’re making more custom offers than ever—it’s your turn.

What else can Flexible do for you?
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