Fill and Sign the Form Ma 988lt

U.S. Legal Forms, Inc. http://www.uslegalforms.com Form MA-988LT - 1 - MASSACHUSETTS COMMERCIAL LEASE This lease agreement is entered into on this the ______ day of ______________________, 20 _____, by and between: _______________________________________________________, hereinafter called “LESSOR,”, whether one or more, and _______________________________________________________, hereinafter called “LESSEE”, whether one or more. For valuable consideration, the receipt and sufficiency of which is hereby acknowledged, LESSOR and LESSEE do hereby covenant, contract and agree as follows: 1. PREMISES AND TERM: LESSOR, hereby leases to LESSEE for the term commencing on the ________ day of ________________________, 20___ and ending on the ______ day of ___________________,20___, (the “TERM”) the following described premises in its present condition, located in _________________ County, Massachusetts: ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ (hereinafter called the “PREMISES or LEASED PREMISES”). LESSEE also has a right for the benefit of LESSEE, its employees, agents and invitees for access to and from the leased premises through the building and over property of LESSOR adjoining the leased premises, and to use those parts of the building designated by LESSOR for use by LESSEE, including but not limited to toilet rooms, elevators and unrestricted parking areas, if any. 2. RENEWAL: LESSEE and LESSOR may agree to extend or renew the lease, with any agreed modifications, in a separate, signed document. 3. RENT: The LESSEE covenants to pay to LESSOR as Rent the sum of ____________________Dollars ($__________) per month, in advance without demand on or before the first day of each month at the office of the LESSOR. The rent for the month of _______________, which is the first month of this lease shall be paid in the amount of ________________________ Dollars) ($ ___________), which amount is the prorated rent based upon the date this lease commences. The LESSEE shall pay all Rent when due and payable, without any setoff, deduction or prior demand whatsoever. Any payment by LESSEE or acceptance by LESSOR of a lesser amount than shall be due from LESSEE to LESSOR shall be treated as payment on account. The acceptance by LESSOR of a check for a lesser amount with an endorsement or statement thereon, or upon any letter accompanying such check, that such lesser amount is payment in full, shall be given no effect, and LESSOR may accept such check without prejudice to any other rights or remedies
. 4. Payment: lessor shall serve the lessee with legal notice of the terms hereof and the time and date of such action at the current address for service of summons. The lessor shall provide a receipt of this notice in writing and shall notify the lessee of the amount of the rent due pursuant to such notice. The lessor may elect to include with any such notice additional information relating to the terms of the lease agreement. 5. Effect: the lessee must pay the rent in full by the date of the end of the lease. If this lease expires without such payment, the lessee loses the right to use the premises for any purpose. If such lease is renewed without renewal or with a different term, the lessee owes rent in full at the new time the lease agreement commences. 6. Costs and expenses: lessor shall bear the cost of the premises, including but not limited to maintenance and repairs, in this amount annually and shall be responsible as a landlord for any unpaid rent and amounts owing. 8. Waiver: for any term of this lease agreement, such as renewal of any term, if any, in addition to the other terms of this lease agreement, lessee shall execute such waiver as may be required for such purpose by lessor by signing the agreement, notifying lessor in writing of the date of execution of the waiver. 9. Waiver and amendment: lessor may revoke any waiver if the lessee fails to execute a waiver in accordance with the terms of the lease agreement. This waiver or revocable covenant does not abrogate or repeal any other terms of this lease agreement. 10. Assignment: if any of the premises is leased by any member of this association for a period in excess of the term of this lease agreement, the lessee's rights and obligations under this lease agreement shall be deemed to terminate. 11. Miscellaneous: (1) the terms and provisions of this lease agreement shall be enforced in accordance with the laws of this state; (2) a nonpayment of rent or payment in full in accordance with the time, and place, and manner agreed to at the time of such contract is a conclusive waiver of all rights with regard to this lease agreement; (3) a lessee shall not exercise its right to terminate or change this lease agreement without the written consent of lessor; (4) if the lessee becomes disabled from self-support due to illness or physical disability, or is a minor and is emancipated, the lessee shall