New Jersey Commercial Lease Agreement
The New Jersey Commercial Lease Agreement is a legal document outlining the terms and conditions for leasing a property to a business tenant in exchange for regular monthly payments. The contract serves as a binding commitment between the landlord and the business tenant, with the latter using the premises exclusively for commercial purposes.
In New Jersey, landlords are not required to disclose information beyond any non-obvious defects on the property. As a result, business tenants should engage in thorough discussions with the landlord to negotiate any specific conditions they wish to address or modify. Landlords should ensure the agreement includes all necessary provisions to protect their interests and promote a successful, long-term commercial leasing relationship.
Statute – § 12A:1-203