Majesty Palms are the one commonly used plant species that I would never recommend for indoor use. Big Box retailers love them because they are cheap to grow and they can offer a lot of plant for relatively low prices. Typically, they are grown in warm climates outdoors where they get lots of light and fresh air. They are then shipped to cooler climates without acclimating them to reduced light. Thus, they rarely last indoors for more than 6 months to a year.
Even the best grow lights are not an adequate substitute for the outdoor sun that these plants require.
In addition to requiring lots of sun and air circulation, they are extremely prone to spider mites and require a lot of water and fertilizer.