Landlord/Tenant Commercial

New Jersey Business Law Attorney

Commercial Landlord-Tenant

It may be as simple as the fact that you’ve outgrown existing commercial space.  However, there’s also the chance that you are a business looking to set up a new location.  Meanwhile, it may be that you or your organization has an office, warehouse, or retail footage available for lease.

Whatever, the case, you should know that entering into a commercial lease agreement can be complicated.   Here, in New Jersey, different types of contracts are acceptable when leasing commercial space.  It is crucial that you are versed on what works well for your business. In best case scenarios, an attorney with experience in commercial leasing can not only help negotiate the terms but also ensure that the language of the legal document matches your expectations.

The Ocean County Law Firm of DiFrancia and Price P.C.  has many years of experience helping both lessors and lessees with commercial lease agreements.   We provide plain language explanations of the terms, rights, and obligations for both parties.

Experienced Ocean County Landlord Tenant Attorneys
Like many states, different lease agreements are used depending on the type of business that is renting the commercial space.   Here are some examples of common lease agreements used for business tenants:

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  • Gross Lease Agreements: A gross lease agreement is generally the most costly when it comes to commercial rental agreements.  However, some tenants prefer this arrangement as costs as most predictable.  With the exception of utility costs, the landlord pays all additional costs.  This includes disbursements for maintenance, taxes, and insurance.

  • Modified Gross Leases: In modified gross lease arrangements, the tenant may only be responsible for a base rent amount during the first year.  Notwithstanding, in subsequent, years, the tenant may be required to take on additional costs.  The modifications could include requisite payments or contributions towards taxes, maintenance, and insurance.

  • Net Leases:  There are a variety of net lease agreements that can be negotiated at the lease inception.  Often, they include a lower base rent.  Notwithstanding, the tenant may be responsible for fluctuating costs for some other portion of the property.  Once again, this could apply to taxes, maintenance or insurance.

All of these types of commercial leases represent pros and cons for both landlords and tenants,   At the New Jersey Law Office of DiFrancia and Price P.C., we focus on what is best for our client and provide legal advice accordingly. 
 
For the most part, commercial leases are entirely different than those drafted for use in residential property.   A commercial lease could contain language regarding non-compete agreements.  Likewise, co-tenancy is often an issue when business space is offered for rent.  There may be concerns about the legitimacy of sub-tenants or use of the premises.

Landlord Tenant Court

You may be under the mistaken impression that Landlord-Tenant court is solely reserved for those with residential rental issues.  However, commercial leases are also heard in this court.  In some cases, the entire focus is on removal for non-payment of rent.  However, there are other reasons that a landlord or tenant might seek assistance in Landlord-Tenant court.
 
Contact Us

At the Ocean County Law Offices of DiFrancia and Price P.C., we are prepared to help you with your commercial leasing concerns.  Contact us now to learn further information about renting commercial property.