Massachusetts Commercial Lease Agreement – Microsoft Word
The commercial lease template is available for download to structure a real estate contract for a tenant that would be occupying for a 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 office, retail, or industrial property, the landlord should make sure that a sizeable deposit, a long business history, or the owner provides a personal guaranty 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 at the tenant’s option. It is recommended that all commercial leases are signed in the presence of a notary public to protect the lessor and lessee.