New Jersey Commercial Lease Agreement
The New Jersey commercial lease agreement is to be written between a business owner, operating as an individual or entity, and an owner of retail, office, or industrial property. The landlord will usually fit-up the premises in order to give the tenant a standard “vanilla box” so that the lessee may install all their necessary fixtures. Due to the amount of money invested on both sides, the landlord will usually run a credit check on the principals of the entity and view their entity’s history at the Secretary of State’s office. Likewise, the tenant will usually ask for a long term lease, three (3) to five (5) years, or ask for options to renew at their sole decision.
- The agreement is always recommended to be signed in front of a notary public to ensure it’s authenticity.