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What is a Commercial Lease? A commercial lease is a contract made between a business tenant and a landlord. This commercial lease contract grants you the right to use the property for commercial or business purposes. Money is paid to the landlord for the use of the property.
For Business Sellers: Be aware that you shall need to approach the Landlord for consent before you can lawfully sell your Leasehold business.
Your landlord must first send you a "Notice to Quit" your tenancy. If the landlord is terminating your tenancy for non-payment of rent, s/he must send you a "14-Day Notice to Quit" (M.G.L.c.186, §§ 11 and 12). Your lease will specify the notice requirement for other terminations; it is typically seven days.
The law normally provides that if the tenant is in violation of the lease, the landlord must give the tenant a 3-day notice to correct the violation to avoid eviction. Commercial leases will often provide that if the tenant is in violation of the lease, a notice of more than 3 days must be given.
In the law of several US states, a 99-year lease will always be the longest possible contract for realty by statute, but many states have enacted shorter terms and some allow infinite terms.
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People also ask

A commercial lease is a form of legally binding contract made between a business tenant - your company - and a landlord. The lease gives you the right to use the property for business or commercial activity for a set period of time. In return for this, you will pay money to the landlord.
Rental agreements are required for tenancies of 12+ months or longer in Massachusetts. Even if the tenancy is less than 12 months, we strongly encourage our landlords to create a written rental agreement with their tenants.
Primary tabs. A month-to-month tenancy is a periodic tenancy that does not have an expiration date and thus runs for an indefinite time. The tenant continues as such and pays the monthly rent to the landlord until one of the parties gives notice to terminate the tenancy.
Whether a lease or a tenancy-at-will, the tenant must pay rent, follow the rules agreed upon with the landlord, and accept responsibility for any damage to the apartment that is more than just \u201cnormal wear and tear." The landlord must provide an apartment that is safe, clean, and in compliance with the Massachusetts ...
Strictly speaking, you can break a lease for any reason you want. The real question is whether you have to pay penalties for it or not under MA lease laws. Unfortunately, breaking a lease in Massachusetts for medical reasons is treated the same as breaking an apartment lease for any other unqualified reason.

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