What is a Memorandum of Lease and Why is it Important in Massachusetts?
In Massachusetts commercial real estate, understanding when and how to record lease-related documents can help protect long-term interests. One document that often comes into play for leases longer than seven years is the memorandum of lease—also known as a notice of...
What is the Significance of Signing a Commercial Lease ‘Under Seal’ in Massachusetts?
Massachusetts law contains certain legal traditions that may be unfamiliar to individuals and businesses from other states. One such unique aspect is the concept of signing a document "under seal" - whether or not a physical seal is actually used. While the use of...
Fixed Rate Extension Options: Landlords Beware
In commercial lease agreements, extension options are a common provision that allow tenants to continue occupying a property beyond the initial lease term. One specific type of extension option is the fixed rate extension option, where the rent for the extension...
Extension Options in a Commercial Lease
Extension options, sometimes called renewal options, are a provision in a commercial lease that grants the tenant the right, but not the obligation, to extend the lease term for an additional period. This right is typically exercised before the expiration of the...
Tips for Negotiating a Commercial Lease as a Tenant
Negotiating a commercial lease can be a complex and challenging process, especially for tenants who may not be familiar with the intricacies of commercial real estate. Securing appropriate terms can be crucial for ensuring the long-term success and stability of your...