A Massachusetts commercial lease is a legal document that contains all the terms and conditions of the rental arrangement between a landlord of commercial real estate and their tenant. Commercial property can only be rented to tenants who are using the premises to operate a business, be it a restaurant, retail store, factory, or office. Commercial agreements are a bit more complex than residential leases and all provisions should be negotiated by the parties and understood fully before signatures are inscribed. The potential tenant will also want to hire an inspector to examine the entire premises and research the bylaws to ensure they can conduct business in this particular jurisdiction.
Lease Application – A form used by a landlord to collect information and obtain permission for performing background checks on a potential tenant.