New Jersey Commercial Lease Agreement Template
The New Jersey commercial lease agreement is a rental contract between a business owner, operating as an individual or entity, and an owner of retail, office, or industrial property. The landlord will usually arrange the premises to give the tenant a standard “vanilla box” set up 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 business owners/managers and review their entity’s history with the Secretary of State’s office. The tenant will usually ask for a long term lease of three (3) to five (5) years, or ask for options to renew at their sole decision.