A Massachusetts commercial lease agreement is a binding contract for a tenant to rent retail, industrial, or office space. The contract defines the responsibilities and rights for both landlords and tenants, as well as information about rent, deadlines, penalties, and other items.
The Massachusetts law that governs commercial leases is Massachusetts Part I, Title XV, Chapter 106, Article 2A. These types of leases are generally more complicated than a residential lease, so consulting with a lawyer is advisable.
Writing Massachusetts Commercial Lease Agreements
A Massachusetts commercial lease agreement should generally contain the following:
- Landlord’s name and contact information
- Tenant’s name and contact information
- Property manager’s info, if using
- Description of the lease property
- Authorized uses of the lease property
- Type of lease (gross, modified-gross, or triple-net)
- Length and start date of the lease
- Penalty for late/non-payment of rent (including eviction process)
- Security deposit policy
- Designation of the responsible parties for certain expenses and utilities
- Permissible leasehold improvements allowed by the landlord
- Additional terms as needed (including municipal codes and restrictions)
- Landlord and tenant contact information and form for legal service
- Place for the signatures of all parties
- Miscellaneous terms specific to the lease
