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Office lease agreement template

Office Lease Agreement - Massachusetts 2025

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The document is an Office Lease Agreement between a Lessor and a Lessee, outlining the terms of leasing office premises for a primary term of one year. It details rental payments, responsibilities for maintenance and utilities, conditions for lease extension, liability clauses, and procedures in case of default or property damage. The agreement emphasizes the obligations of both parties and includes provisions for notices and special conditions.

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What are the standard office lease terms?

Most office space leases stretch for 5-10 years, but some landlords prefer to set yearly renewals for leases. Its possible to have a break clause at the midpoint of the lease duration. This is only possible if the lease agreement states it as part of the terms.

What type of lease typically is used for office leases?

Gross Lease Gross leases are most common for commercial properties such as offices and retail space. The tenant pays a single, flat amount that includes rent, taxes, utilities, and insurance. The landlord is responsible for paying taxes, utilities, and insurance from the rent fees.

How to calculate commercial lease price?

Calculating Price Per Square Foot in a Commercial Lease Example with a yearly price per square foot: A 3,000 sf office space has a yearly asking rental rate of $25 per square foot. 3,000 x $25.00 = $75,000 per year for rent. Divide by 12 months to get a monthly rental amount of $6,250.

What is a standard lease agreement in Massachusetts?

The most commonly used Massachusetts lease agreement is the Standard Form of Lease. This document covers essential details such as rent amount, lease duration, security deposit, maintenance responsibilities, property managers, and other crucial provisions.

How much should I pay for a commercial lease?

Commercial tenants should be able to spend 5% to 10% of their gross sales per foot on rent. Your gross sales divided by the locations square footage will give you sales per square foot. For example, you estimate your business will make $300,000 per year in total sales, and you are looking at a 1,500 square foot space.

What is a normal commercial lease?

Commercial leases are typically three to five years. That guarantees enough rental income for the landlords to recoup their investment. Leases are often negotiable, but for a commercial lease, landlords frequently allow customization of the space for the sake of the renting business.

Office Lease Agreement - Massachusetts 2025

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