This is David Tilney’s lease. He took Jack Miller’s Master Lease and put it on steroids. You will want to take Davids class the next time he offers it or you will crash the jet using his document. This isn’t meant to be pejorative–I’ve taken his class three times and learned a ton each time. He also doesn’t teach master leasing to anyone that hasn’t finished his management class due to the complexities of the document.
In the meantime, you can create your own by design, not by default thinking about what should be in the master lease and what you are trying to accomplish. Hopefully David’s class is still happening this summer but with the bug, who knows. Certainly one of the best classes I’ve ever had, and the one you can implement right away.
However, having the paperwork is one thing, knowing what to do with it and how to structure master lease deals so they are risk free and profitable is a whole different ball game. It is better to get the education about master leasing BEFORE you attempt to do a deal.
See the Master Lease section in the Premium member training. There are two great video trainings and a lot of audio training too.