Office Lease Contract (Multi-Tenant Base Year Modified Gross Lease) (Landlord-friendly Simple) (Massachusetts)

The "Office Lease Contract (Multi-Tenant Base Year Modified Gross Lease) (Landlord-friendly Simple) (Massachusetts)" is a legal template that outlines an agreement between a landlord and a tenant regarding the leasing of office space. This contract is specifically designed for multi-tenant office buildings situated in Massachusetts.

The lease is structured as a "base year modified gross lease," which means that the tenant will be responsible for a portion of the operating expenses associated with the office building. However, the lease agreement incorporates a base year provision, wherein the tenant's share of expenses is adjusted based on the expenses incurred in a specific year, known as the base year. This arrangement offers some flexibility for the tenant by ensuring that their share of expenses remains reasonably consistent unless there are substantial increases in the base year expenditure.

This particular template is categorized as "Landlord-friendly Simple," implying that it favors the landlord's interests while maintaining a user-friendly format. It may contain provisions that protect the landlord's rights, such as clauses regarding property maintenance, rent payment terms, insurance requirements, and permissible uses of the leased space. Additionally, it may incorporate provisions regarding tenant improvements, alterations, and options for renewing or terminating the lease agreement.

Since this template is designed for offices located in Massachusetts, it adheres to the state's laws and regulations governing commercial leases. It likely includes specific provisions that comply with Massachusetts leasing requirements, such as the inclusion of mandatory lease terms, disclosures, or notices to the tenant as mandated by state law.

Overall, this legal template ensures clarity and protection for both the landlord and tenant involved in leasing office space in a multi-tenant property in Massachusetts.