Kiritsis & Associates

 

Overview of Double Net commercial leases in New Jersey.

Jul 8, 2021

Kiritsis Law Group. Phone: (212) – 922 – 0005.

By: John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M

 

A double net commercial lease is a net lease where the tenant pays rent, property taxes, and insurance. New Jersey commercial leases may allow parties to waive certain statutory rights. With commercial lease cases, lawyers find client intake extremely important since each case is very fact specific.

 

The Constitution allows wide freedoms to contract or not to contract. As the default, courts construe commercial leases in a way that honors the intentions of the contracting parties.

Besides legal regulations, there may be practical reasons, that would compel landlords and tenants alike, to have their lease agreement contractual documents, be recorded for public filing purposes.  Those reasons can involve any one or more of a myriad of situations, such as: part of a broader loan/mortgage type of agreement (i.e. as it concerns to a lender's/underwriter's due diligence process, during a mortgage financing type of situations), tax substantiation reasons with regards of an ongoing and/or potentially prospecting upcoming tax audit, part of a wider range of zoning/variance controversy situation.



Many of the lease agreements (especially, many of the ones created through DIY (do it yourself) autogenerating software or bare-bone store sold templates) did not account nor foresaw the catastrophic type of damages that would inflict both landlords and tenants after COVID-19.



To better assist in a quest of further analyzing this type of question(s) as revolving per this legal guide article, it may be useful to make additional inquiries, such as: Should special zoning classification uses or restrictions be included in New Jersey real property leases, accounting for such uses by the tenant(s)?  Has the lease been reviewed and revised to account for any recent relevant changes in New Jersey law? Do any rent regulation laws apply to the lease?

 

Our firm can help you draft, review, negotiate, and execute any type of New Jersey real property lease agreement. We are open seven days a week from 8 a.m. to 8 p.m. We offer prospective clients both exhaustive and comprehensive leasing law practice services, including the following:
 

Residential lease contracts.

New Jersey non-rent regulated residential lease agreements.

Rent regulated residential lease contracts.

New Jersey rent regulated stabilized residential lease agreements.

Rent control regulated residential lease contracts.

New Jersey commercial lease agreements.

Office space lease contracts.

New Jersey industrial occupancy lease agreements.

Warehouse commercial use lease contracts.

New Jersey warehouse storage lease agreements. Call our law offices at (212)–922–0005

Office space use lease contracts. 

New Jersey medical space use lease agreements. 

Bank/financial institution use lease contracts. 

New Jersey spa and physical therapy related use lease agreements. 

Gym and other recreational related use lease contracts. 

New Jersey professional service lease agreements, including: Accounting, Insurance, Medicine, Law, Architecture, etc.

New Jersey jewelry and related use lease contracts. 

Safety deposit/vault use lease agreements. 

New Jersey chemical and pest control related use lease contracts. 

Cinema and theater productions related use lease agreements. Call our law offices at (212)–922–0005 

New Jersey roommate use lease contracts. 

Co-habitation lease agreements. 

New Jersey shared office space use lease contracts. 

Gross lease agreements. 

New Jersey netted lease contracts. 

Single net lease agreements. 

New Jersey double net lease contracts. 

Triple net lease agreements. 

New Jersey commercial leases with time extension option provisions.

Real property lease agreements. Call our law offices at (212)–922–0005 

New Jersey addendum and side deal real property lease contracts. 

Lease agreements modifications.

New Jersey existing lease assumption lease contracts. 

Cancellation of real property lease agreements. 

New Jersey cancellation of residential lease contracts. 

Gas station and related use lease agreements. 

New Jersey restaurant and related use lease contracts. 

Food establishment and related use lease agreements. 

New Jersey deli and bodega related use lease contracts. 

Liquor store and other related use lease agreements. Call our law offices at (212)–922–0005 

New Jersey bar and tavern related use lease contracts. 

Parking space and garage related use lease agreements. 

New Jersey religious institution and related use lease contracts. 

Buddhist temple and related use lease agreements. 

New Jersey hinduism temple and related use lease contracts. 

Non-profit and related use lease agreements. 

New Jersey 501 (c) 3 organization and related use lease contracts. 

Lease sales back terms lease agreements. 

New Jersey lease contracts with option to purchase clause.

Development site lease agreements. Call our law offices at (212)–922–0005 

New Jersey tax favored lease contracts. 

Farming related lease agreements. 

New Jersey agriculture and related use lease contracts. 

Livestock related use lease agreements. 

New Jersey timber related use lease contracts. 

Mineral rights related use lease agreements. 

New Jersey laboratory and medical testing related use lease contracts. 

Riparian and water rights related use lease agreements. 

New Jersey buffet-style restaurant use lease contracts. 

Construction project centered lease agreements. Call our law offices at (212)–922–0005 

New Jersey condo lease contracts. 

Co-op lease agreements. 

New Jersey condo co-op lease contracts. 

Condo-type building premises lease agreements. 

New Jersey co-op-type building premises lease contracts. 

Condo co-op building premises lease agreements. 

New Jersey single family dwelling lease contracts. 

Two family dwelling lease agreements. 

New Jersey three family dwelling lease contracts. 

4-plex property lease agreements. Call our law offices at (212)–922–0005 

New Jersey multi-family property lease contracts. 

Mixed-use property lease agreements. 

New Jersey commercial use building premises lease contracts. 

Industrial use property lease agreements. 

New Jersey locker room/storage type lease contracts. 

Postal office box related use lease agreements. 

New Jersey laundromat and other related use lease contracts. 

Carwash and other related use lease agreements. 

New Jersey florist, botanical, and horticulture use lease contracts. 

Hair saloon and related use lease agreements. Call our law offices at (212)–922–0005 

New Jersey municipal related use lease contracts. 

Governmental entity organization related use lease agreements. 

New Jersey hostel and other related use lease contracts. 

Adults-only recreational use lease agreements, including: Strip clubs, Marijuana dispensaries, etc.

New Jersey master lease contracts. 

Co-op propriety lease agreements. 

New Jersey hypothecating, equity-utilization, leveraging lease contracts. 

Drafting lease agreements.

New Jersey negotiating lease contracts.

Lease agreement and document review services. Call our law offices at (212)–922–0005

 

We offer prospective clients services throughout the state of New Jersey, including the following counties:

 

Atlantic

Bergen

Burlington

Camden

Cape May

Cumberland

Essex

Gloucester

Hudson

Hunterdon

Mercer

Middlesex

Monmouth

Morris

Ocean

Passaic

Salem

You can call use today for a FREE initial consultation with a licensed New Jersey real estate attorney at (212) – 922 – 0005.

 

We offer a number of fee payment options, including: Flat, Hourly rate, Mixed-type (various payment plans combined).

 

We accept all standard methods of payment, including: Cash, Personal Check, Business Check, Cashier Check, Bank Check, Money Order, Debit Card, most Credit Cards.

 

We also sell template-type products, including legal guide pamphlet-style booklets.

For more information on any of the above services and products, or any type of legally related service product, contact us at any of our New York and New Jersey branch affiliates.

 

For more information, you may want to look up the following source materials:

 

U.S. Constitution

New Jersey State Constitution

New Jersey Eviction Statutes Act

New Jersey Board of Bar Association 

American Bar Association 

Truth in Renting Act

Truth in Lending Act

New Jersey Attorney General's Office

Sailor and Soldiers Civil Relief Act

New Jersey Department of Community Affairs

New Jersey Department of Civil Rights Division

New Jersey Department of the Treasury 

New Jersey Secretary of State

New Jersey Judiciary -- Superior Court

U.S. Department of Housing and Urban Development 

 

Berzito v. Gambino, 63 N.J. 460 (1973)

Great Atlantic & Pacific Tea Co., Inc. v. Checchio, 335 N.J. Super 495 (App. Div. 2000)

Schultz v. Kneidl, 56 N.J. Super 575 (L&W Div. 1959), Id. 59 N.J. Super 382 (App. Div. 1960)

Hoffman v. Seidman, 101 N.J.L. 106 (E. & A. 1925)

Sparks v. Lorentowicz, 105 N.J. Eq. 189 (E. & A. 1930)

Garden State Plaza Corporation v. S.S. Kresge Co., 78 N.J. Super. 485

Ahlstrom v. TMC Properties, LLC, 2010 WL 3834505 (App. Div. 2010)

Berg Agency v. Sleepworld–Willingboro, Inc., 136 N.J. Super 369 (App. Div. 1975)

Perlman v. Lee, 2014 WL 4916999 (App. Div. 2014)

Clearview Farms, LLC v. Fannon, 145 A.D.3d 1556 (N.Y. App. Div. 2016)

172 Van Duler Realty Corp. v. Globe Alumni Student Assistance Ass’n, Inc. 24 N.Y.3d 528 (N.Y. Ct. App. 2014)

Islip U-Slip, LLC v. Jack’s of Route 23, Inc., 166 N.J. Super 36 (App. Div. 1979)

Cox v. Simon, 278 N.J. Super 419 (App. Div. 1995)

 

Law Offices of Kiritsis & Associates
Phone: (212) – 922 – 0005

Manhattan Office (Main Office):
633 Third Avenue
New York, NY 10017
Suite 1306

Brooklyn Office (By Appointment Only):
1023 74th Street
Brooklyn, NY 11228
1st Floor

New Jersey Office:
7309 Ventnor Avenue
Ventnor, NJ 08406
2nd Floor

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