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A Massachusetts commercial lease agreement outlines the relationship between a tenant and landlord, serving as a foundation for business operations. It details the terms, conditions, and obligations for renting commercial spaces such as office or retail properties. There are various types of leases, including gross leases (where tenants only pay rent), triple net leases (where tenants cover most costs), percentage leases (where successful tenants pay a portion of profits), and modified gross leases (which divide costs between parties). Each lease agreement should include various essential elements to ensure clarity and mutual understanding.
