A New Jersey commercial lease agreement is a legally binding contract establishing a landlord-tenant relationship for the use of a commercial property. Both parties agree on specific terms, including monthly rent payments, late fees, security deposits, renewal options, and property use restrictions.
New Jersey Business Entity Search: Check if a business has the proper license to operate in the state before choosing it as the tenant for your commercial property.
Required Disclosure
Flood Zone – Landlords are advised to inform tenants if a property is located in a flood zone and disclose any known instances of flooding (§ 46:8-50).
REQUIREMENTS
Rental Laws: New Jersey Statutes § 12A-2A.
Consumer Protection Laws: NJ Stat. § 12A:2A-104.
Jurisdiction: According to NJ Stat. § 12A:2A-106, a jurisdiction in a commercial lease must be one in which
- the lessee resides when the agreement becomes valid,
- the lease is executed by the lessee, or
- the goods are to be used.
No other jurisdiction is valid, even if the parties mutually agree.
