Massachusetts Commercial Lease Agreement | PDF – MS Word
A Massachusetts commercial lease agreement is a real estate contract presented to a tenant that intends to occupy a commercial space for business use. Unless the tenant is looking to take the space “as-is,” the landlord may have to invest some money into the property to remodel and give the lessee a “vanilla box” shell to operate. Whether it is an office, retail, or industrial property, the landlord should make sure that the tenant’s operating businesses provide a security deposit and/or provide a personal guarantee to make sure there is not a loss on the investment.
The standard term is between two (2) and four (4) years, and it is common for there to be options to renew should the tenant wish. It is recommended that all commercial leases are signed in the presence of a notary public to protect the lessor and lessee.
Massachusetts Business Entity Search – A landlord can use this search portal to ensure a business is in good standing with the Secretary of the Commonwealth of Massachusetts.