A Massachusetts commercial lease agreement is a legally binding contract between the owner of a commercial property and a tenant who wishes to lease it. This document outlines the terms, conditions, and responsibilities of renting and maintaining the commercial space. It may be longer than a residential lease, as a business may rent the space for several years at a time.
Each party takes due diligence before signing this contract. A landlord ensures the tenant will be a reliable payer by conducting a tenant screening and securing a personal guarantee. A tenant ensures the property will meet the company’s needs by inspecting it beforehand.
Massachusetts Business Entity Search: A landlord can use this database to check if a business has the license to operate in this state.
REQUIREMENTS
Rental Laws: General Laws of Massachusetts Chapter 106, Article 2A.
Consumer Protection Laws: Gen. Laws of MA § 106-2A-104.
Jurisdiction: According to Gen. Laws of MA § 106-2A-106, the jurisdiction should be one in which
- the tenant lives at the time the agreement becomes enforceable (or within 30 days of the agreement becoming enforceable) or
- the goods will be used.
If the parties choose a jurisdiction that doesn’t meet either of these criteria, the decision isn’t valid.
