New Jersey Commercial Lease Agreement

Lease office, retail or other business premises to a tenant in New Jersey with this Commercial Triple Net Lease Agreement.

This New Jersey Commercial Triple Net Lease Agreement is designed for leasing office, retail, or other business premises to a tenant. The template is provided in MS Word format and is fully editable to accommodate your specific requirements.

Triple Net Lease

This is a triple net lease, meaning the tenant (lessee) assumes responsibility for all costs and expenses related to the premises. This includes, but is not limited to, structural repairs, meaning the tenant bears the burden of ongoing maintenance and repairs to the property.

Renewal Option

The lessee is granted the option to renew the lease for an additional term, providing flexibility and continuity for their business operations beyond the initial lease period.

Taxes and Charges

All expenses, taxes, levies, and charges associated with the premises are payable by the lessee. This also encompasses all utility costs, service fees, and operating expenses required for the lessee's business activities within the premises.

Insurance Requirements

The lessee is obligated to carry fire insurance, extended coverage, and liability insurance. This ensures that both the property and liabilities associated with occupancy are adequately protected.

Alterations, Improvements, and Repairs

Responsibility for all alterations, improvements, maintenance, and repairs rests entirely with the lessee. Any changes or upgrades to the premises must be managed and funded by the tenant.

Damage or Destruction

The agreement contains clauses that address scenarios involving damage, destruction, or condemnation of the building. These provisions outline the conditions under which rent may be abated or the lease may be terminated.

Subordination

The lessee agrees to sign a subordination agreement or any other necessary documents to subordinate the lease to a mortgage or other charge, should the lessor require it. This ensures the lease does not take precedence over financial interests held by lenders.

Additional Rent

An optional clause allows for the possibility of percentage rent to be paid by the lessee, in addition to the base rent, if applicable to the agreement.

If you lease space to business tenants in New Jersey, always have one of the company's owners or managers execute this Guaranty of Commercial Lease form to ensure that the lease costs will be paid if the tenant defaults.

• The Guaranty is absolute, unconditional and continuing.
• The document should be signed by a person or corporate entity that has a material interest in the tenant, such as a shareholder or partner.
• The guarantor agrees to pay the rent and perform all of the tenant's obligations under the lease, if the tenant defaults.
• The landlord has the right to bring suit against the guarantor whether or not it decides to take legal action against the tenant.
• Available in MS Word format.
• Intended to be used only in the State of New Jersey.

Cancel a lease for office or retail space with this New Jersey Mutual Cancellation of Commercial Lease form.

• This agreement is only for commercial tenancies. Use this form instead for residential tenants.
• The lessor (landlord) and lessee (tenant) mutually agree that the lease will terminate as of a specific date.
• The cancellation of the lease extinguishes all the rights and obligations of the parties under the lease, except for those which accrue prior to the termination date.
• Available in MS Word format, downloadable and fully editable to fit your needs.
• Intended to be used only in the State of New Jersey.

Sublet all or part of your leased business space to a subtenant with this New Jersey Commercial Sublease Agreement.

• The Sublease can be used for office, retail shopping or other business premises.
• The subtenant pays the security deposit and the rent to the original tenant, who in turn pays the landlord.
• The original tenant must still perform its obligations under the head lease for the duration of the lease term.
• The original tenant assigns its interest in the sublease to the landlord.
• The original tenant directs the subtenant to pay rent directly to the landlord if the original tenant defaults in any of its obligations under the head lease.
• Intended for use only in the State of New Jersey.