Equity Agreement Document For Rent In Massachusetts
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FAQ
Rents decreased slightly after the beginning of the coronavirus pandemic,this trend reversed in 2021 and as of December 2023, the annual rental growth stood at 3.32 percent. Among the different states in the U.S., Massachusetts ranks as one of the most expensive rental markets.
Rent control was repealed in 1994 via ballot initiative. At the time, only Boston, Cambridge, and Brookline had rent control measures in place. Only Cambridge had a full system in place.
What to include in an apartment lease agreement. Tenant information. Include each tenant's full name and contact information. Rental property description. List the apartment's location, all common areas, parking spaces, and included facilities. Security deposit. Monthly rent amount. Utilities. Lease term. Policies. Late fees.
Usually, unless rent control applies, the only way to contest a rent increase is to argue that the landlord raised the rent to discriminate against you or to retaliate against you for exercising a legal right. If you plan to make this argument, you should know what you need to prove to succeed.
An exclusive right to lease is a contract between a landlord and agent or company that transfers the landlord's right to lease to the other party temporarily. This type of contract ensures that agents or rental companies don't have to compete with other entities to arrange for the leasing of a property.
An exclusive license is a type of license where the copyright holder grants permission for only one party to use or reproduce the work. This means that the copyright holder cannot use or license the work to anyone else without the exclusive license holder's permission.
In this type of agreement, you as a landlord give exclusive rights to one agent or company to rent your property during a specified period of time. What's unique in this arrangement, is that it entitles the agency to be the exclusive listing agent for that property.
Exclusive possession in a lease grants the tenant the right to occupy the property exclusively, with landowner-like rights such as excluding others, subletting (with permission), and enjoying profits from the property.
