New Jersey Commercial Lease Agreement – PDF Template
The New Jersey commercial lease agreement is for property owners of retail, office, and industrial space to rent to an individual or business entity. The space is usually described in terms of square feet (SF) and rent is usually determined as a price per square foot ($/SF).
If it is a new business, the landlord may request a personal guaranty to make sure that the rent is paid every month whether the business is in operation or not. The landlord will typically have upfront costs to “fit-up” the property and customize the space to match the tenant’s needs. Therefore a lease is usually more than one year and is common for it to be between three (3) and five (5) years.
Once an agreement has been negotiated it is recommended to have it signed in front of a notary public for legal purposes.