A New Jersey commercial lease agreement sets forth all the terms and conditions of a commercial rental arrangement between a landlord and their tenant. Commercial property includes offices, retail stores, dining establishments, warehouses, factories, and any other property designated for commercial or industrial enterprises. It is recommended that both parties seek legal counsel and/or a commercial realtor to help navigate the negotiations of a commercial rental arrangement.
Lease Application – A commercial lease application can help landlords find the most suitable candidate for tenancy by obtaining information about applicants such as the type of entity, owner information, the business’ liabilities and assets, credit history, and rental history.
Flood Zone – If a rental property is located in a flood zone, tenants must be given a written notice that discloses this fact prior to occupancy. The Flood Zone Lookup Tool (provided by FEMA) can be used to look up a property’s location.
- Laws: N.J.R.S. § 46:8-50