Whether in Boston, Springfield, Worcester, or wherever, this Massachusetts Commercial Lease Agreement is ideal for small businesses. This rental contract offers landlords of office, industrial, and retail space the flexibility they need to help protect their investment and negotiate a robust agreement. Included within each agreement is the ability to choose between the following three types of expense options:
Modified Gross – The tenant is responsible for specific additional expenses (aside from the base rent amount) that are added in the lease.
Triple Net (NNN) – The tenant must pay their base rent and for their share of the operating expenses of the entire building which usually includes utilities, real estate taxes, insurance, charges, or other expenses in connection with the ownership and operation of the premises. The expenses are typically calculated by determining the tenant’s percentage of the total building area square footage.
What Does Massachusetts Law Say?
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