The present invention relates to a locking mechanism for a magnetic lock and including a locking body assembly. The locking mechanism includes a lock latch and a slide bar switch that move between an active and non-active positions. The lock latch cannot move freely in the active position, but can in the non-active position. The lock latch receives a magnet, and can move freely through magnetic force action. The locking body assembly includes a locking body and a locking plate. The locking body has a housings that form a cavity. When the locking mechanism and lock latch are fixed in the cavity, a hook portion of the lock latch can extend out of or retract into the cavity as the lock latch pivots, thereby engaging or disengaging with the locking plate, and either locking or unlocking the latch. The magnetic lock includes a key and the locking body assembly.