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.
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 (a) the tenant lives at the time the agreement becomes enforceable (or within 30 days of the agreement becoming enforceable) or (b) the goods will be used. If the parties choose a jurisdiction that doesn’t meet either of these criteria, the decision isn’t valid.