Massachusetts Commercial Lease Agreement

Lease office, retail or other business premises to a tenant with this Massachusetts Commercial Triple Net Lease Agreement.

• Triple Net Lease. A triple net lease means that the lessee covers all costs and expenses to do with the premises including structural repairs.
• Renewal. The lessee has an option to renew the lease for an additional term.
• Taxes and Charges. The lessee will pay all expenses, taxes, levies, and charges with respect to the premises, all utilities and services, and operating expenses for its business.
• Insurance. The lessee is responsible for carrying fire, extended coverage, and liability insurance.
• Alterations and Repairs. The lessee is responsible for all alterations, improvements, maintenance and repairs.
• Damage or Destruction. Clauses outlining abatement of rent or termination of the lease the event of damage, destruction, or condemnation of the building.
• Subordination. The lessee agrees to sign a subordination agreement or other documents necessary to subordinate the lease to a mortgage or other charge, if required by the lessor.
• Additional Rent. Optional clause for percentage rent to be paid in addition to the base rent, if applicable.

• The guaranty is given by a principal of the company, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
• A guarantee of this type is typically required as an inducement to the lessor ⁄ landlord to sign the lease.
• The guarantor guarantees payment of all rent and other amounts due under the lease, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.

Notify your business tenants that their leases have been transferred to a new owner of the building with this Massachusetts Notice of Assignment of Commercial Lease.

• The old landlord of the building must give notice to all leasehold tenants about the sale of the premises to a new owner.
• The Notice also instructs the tenants that rent is now to be paid to the new landlord.
• This is a reusable legal form. Pay for the form once, and use it as often as you like.
• This Notice of Assignment template is for commercial leases and should not be used to give notice for the transfer of a residential lease.
• Intended for use only in the Commonwealth of Massachusetts.