New Jersey Mutual Cancellation of Commercial Lease

Lease office or retail space to a business tenant with this standard form New Jersey Commercial Lease Agreement.

• Renewal. Option for the tenant to renew for an additional term at the end of the lease.
• Property Taxes. Alternate provisions for taxes to be paid by either the landlord or the tenant, as applicable.
• Insurance. The tenant is responsible for carrying comprehensive public liability, fire and extended coverage insurance.
• Structural Repairs. Alternate provisions depending on whether the landlord is responsible for mechanical and structural repairs, or if the tenant is responsible for all repairs.
• Parking. Parking areas are to be shared by all tenants and their employees and customers.
• Damage or Destruction.Provisions for termination or for abatement of rent in the event of damage, destruction, or condemnation of the building.
• This lease agreement template is fully editable to fit your needs.
• Intended for use only in the State of New Jersey.

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.

NJ commercial landlords, renew and extend a tenant's business lease with this affordable New Jersey Renewal and Extension of Commercial Lease.

• The tenant has no further right to extend or renew the lease.
• The renewal contract sets out the new expiry date and the rental payments for the renewal term.
• All other terms and provisions of the original lease remain in full force and effect.
• This Agreement is for commercial leases. For residential properties, a Residential Lease Extension form is required.
• Easy to use and fully editable so you can customize it to your exact needs.
• Intended to be used only in the State of New Jersey.