The Massachusetts Standard Lease Agreement creates a legal testimonial to furnish a record of a property’s leasing for a stipulated time and monetary amount. The right of use of a dwelling gained through ownership can be transferred to another person in exchange for financial compensation. When issuing the consequential right of tenancy, it is a significant event that requires documentation of regulation of the permission and specification to the terms of the accord. The provided form can help to devise a written registration of the details, including identification of the involved parties and rental premises. Description of the terms and obligations is further spelled out in the language of the commitment, valid upon execution by the lessee and lessor.
Rental Application – Prior to the negotiation phase, it is advised to perform a background check on those seeking tenancy. The prompted questions on the form allow the landlord to receive permissions to investigate the history of the applicant to determine qualifications for rental of the unit.