Major areas for commercial leases to include.

For Lease Sign

Signing a commercial lease, also known as a business lease, is a big decision for any company. In New Jersey, there is no such thing as a standard commercial lease. It is important to begin the leasing process with a document called “Heads of Terms,” which outlines the key terms that both parties have agreed upon. This is done to reduce legal costs and provide both parties with more certainty about the terms of the lease.

A commercial lease is typically customized to the landlord’s preferences, but it will generally include the following information:

  1. The length of the lease, the start date of the lease term, and the renewal options
  2. The amount of rent and when it is due, along with any provisions for rent increases over the term of the lease
  3. The specifications and measurements of the rented space, including any common areas and elevators. The lease will also outline whether the tenant is allowed to make modifications to the space, who will pay for those modifications, and what requirements must be met at the end of the lease
  4. The landlord will dictate who is responsible for repairs and maintenance, including major systems such as heating, air conditioning, and hot water
  5. Whether the space can be sublet to another tenant
  6. How disputes about the lease will be resolved
  7. The requirements and penalties for breaking the lease

If you are unsure about any aspect of a commercial lease or do not have experience with leasing commercial premises, do not hesitate to seek legal advice. Our experienced attorneys are here to help.

DISCLAIMER: The contents of this article were created to provide general information, it is not intended to create an attorney-client relationship and shall not be construed as legal advice. You should not act upon any information provided in this article without seeking professional legal counsel from an attorney licensed to practice law in your jurisdiction. No representations are being made as to the completeness or accuracy of the information contained in this article or on this site or sites linked hereto. If this pamphlet is inaccurate or misleading, report same to the Committee on Attorney Advertising, Hughes Justice Complex, CN 037, Trenton, NJ 08625. “No aspect of this advertisement has been approved by the Supreme Court of New Jersey.”
Scroll to Top