The New Jersey commercial lease agreement is employed for the rental of space that will be used to facilitate a company’s business matters (also multi-family housing that falls under the commercial category). The document is normally presented after the terms & conditions of the tenancy have been arranged. They are then inserted into the content of the form and followed by the signatures of the active participants (landlord & tenant) which should be performed while in the vicinity of a notary public.
Individuals partaking in this type of contract should be prepared to establish the following main components of the arrangement:
- Dates of Possession (also, whether or not there will be an option to renew)
- Expenses (rent, security deposit, late fees)
- Structure of Payments (gross, modified gross, triple net – NNN)