This document is a short lease form for the premises described within the Agreement. The lessor, in consideration of the covenants of lessee, leases and demise unto the lessee, and lessee agrees to take and lease from the lessor, for the term specified, the premises described in Exhibit A which is incorporated by reference.
Long Term Lease With Option To Buy In Massachusetts
Category:
State:
Multi-State
Control #:
US-00448
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
An option clause is a term in a commercial lease that allows a tenant to renew their lease at the end of the original lease period, if they meet certain conditions. Landlords are not obliged to offer a renewal option.
Generally, a landlord cannot take possession of the rental property, physically remove the tenant or their personal property, or change the locks without going through a court. Depending on the reason for eviction, a landlord must provide the tenant either a 14-Day or 30-day Notice to Quit.
Unlike many other states where local governments may impose their own laws, Massachusetts has no city or town rent control laws.
A tenancy-at-will does not last for any set amount of time and does not end on a certain date, the way a lease does. In a tenancy-at-will the tenant pays the agreed-upon rent each month for an indefinite period of time.
It is a legally binding contract detailing the responsibilities both the landlord and the tenant promise to uphold. In addition to specifics like amenities, renovations and other apartment features, the lease includes legal details like: Grounds for lease termination and eviction.
Generally 48 months is the ``sweet spot'' for leasing, but if you want a newer car - sooner - then go for the 36 month lease instead.
It is a legally binding contract detailing the responsibilities both the landlord and the tenant promise to uphold. In addition to specifics like amenities, renovations and other apartment features, the lease includes legal details like: Grounds for lease termination and eviction.
Related Definitions Annual Lease Payments means, for each 12-month period ending on August 1, the total Lease Payments due in such period.