Updated August 07, 2023
A Massachusetts commercial lease agreement is used to formalize an arrangement between the landlord of a commercial property and a business tenant. Typically used for day-to-day operations for retail, industrial, or office use, the space is leased to the tenant under the terms and conditions outlined in the agreement. Commonly included provisions address terms of renewal, exclusivity, subleasing, penalties for late payments, and more. Once signed by both parties, the agreement becomes legally binding and can be enforced in a court of law.
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