Kiritsis & Associates

 

The concept of "additional rent" in New Jersey real property contracts.

Jul 8, 2021

Law Offices of Kiritsis & Associates — 212-922-0005

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

 

“Additional rent” obligations can make a tenant liable in many ways, especially in housing court actions.  Real property laws are state laws. New Jersey commercial leases may allow parties to waive certain statutory rights.

 

The Constitution allows wide freedoms to contract or not to contract. Landlords often favor net leases because they absolve landlords from duties to maintain the property.

Depending on the situation, it may be the case, that commercial and residential landlords, may be subject-able in reporting rent roll receipt figures, in some way, shape and/or form.  Whether or not a New Jersey real property owner is subject to that requirement, could extenuate other issues, as it pertains to the points raised by this legal-guide article's title.

 

The practical restraints brought on to the operations of the New Jersey Judiciary System by the Coronavirus-related shutdowns, may have made much of the substance of this brief analysis, an incomplete and/or incorrect generalized explanation, of what is an already heavily technical and complicated topical area, within the study of jurisprudence.

 

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: Is it legal or practical to allow tenants to sublease? Are the premises that include rent or occupancy use complaint with recent building code regulations?  Should the lease contain specific clauses regarding issues with security deposits?

 

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 contract agreements.

Non-rent regulated residential lease agreements.

Rent regulated residential lease contract agreements.

Rent regulated stabilized residential lease agreements.

Rent control regulated residential lease contract agreements.

Commercial lease agreements.

Office space lease contract agreements.

Industrial occupancy lease agreements.

Warehouse commercial use lease contract agreements.

Warehouse storage lease agreements.

Office space use lease contract agreements. 

Medical space use lease agreements. Kiritsis & Associates (212)–922–005.   

Bank/financial institution use lease contract agreements. 

Spa and physical therapy related use lease agreements. 

Gym and other recreational related use lease contract agreements. 

Single net lease agreements. 

Double net lease contract agreements. 

Triple net lease agreements. 

Commercial leases with time extension option provisions.

Real property lease agreements. 

Addendum and side deal real property lease contract agreements. 

Lease agreements modifications.

Existing lease assumption lease contract agreements. 

Cancellation of real property lease agreements. Kiritsis & Associates (212)–922–005.   

Cancellation of residential lease contract agreements. 

Cancellation of commercial lease agreements. 

Barbershop and beautician related lease contract agreements. 

Gas station and related use lease agreements. 

Restaurant and related use lease contract agreements. 

Food establishment and related use lease agreements. 

Deli and bodega related use lease contract agreements. 

Liquor store and other related use lease agreements. 

Bar and tavern related use lease contract agreements. 

Parking space and garage related use lease agreements. 

Religious institution and related use lease contract agreements. 

Church and related use lease agreements. Kiritsis & Associates (212)–922–005.   

Morgue and related use lease contract agreements. 

Synagogue and related use lease agreements. 

Buddhist temple and related use lease contract agreements. 

Hinduism temple and related use lease agreements. 

Non-profit and related use lease contract agreements. 

501 (c) 3 organization and related use lease agreements. 

Lease sales back terms lease contract agreements. 

Lease agreement contracts with option to purchase clause.

Development site lease contract agreements. 

Tax favored lease agreements.  

Farming related lease contract agreements. 

Agriculture and related use lease agreements. Kiritsis & Associates (212)–922–005.   

Livestock related use lease contract agreements. 

Poultry related use lease agreements. 

Timber related use lease contract agreements. 

Mineral rights related use lease agreements. 

Oil drilling related use lease contract agreements. 

Laboratory and medical testing related use lease agreements. 

Riparian and water rights related use lease contract agreements. 

Buffet-style restaurant use lease agreements. 

Dining hall use lease contract agreements. 

Landlord-focused and customized lease agreements. 

Tenant-focused and customized lease contract agreements.

Construction project centered lease agreements. Kiritsis & Associates (212)–922–005.   

Condo lease contract agreements. 

Co-op lease agreements. 

Condo co-op lease contract agreements. 

Condo-type building premises lease agreements. 

Co-op-type building premises lease contract agreements. 

Condo co-op building premises lease agreements. 

Single family dwelling lease contract agreements. 

Two family dwelling lease agreements. 

Three family dwelling lease contract agreements. 

4-plex property lease agreements. 

Multi-family property lease contract agreements. 

Mixed-use property lease agreements. Kiritsis & Associates (212)–922–005.   

Commercial use building premises lease contract agreements. 

Industrial use property lease agreements. 

Locker room/storage type lease contract agreements. 

Postal office box related use lease agreements. 

Laundromat and other related use lease contract agreements. 

Carwash and other related use lease agreements. 

Florist, botanical, and horticulture use lease contract agreements. 

Hair saloon and related use lease agreements. 

Municipal related use lease contract agreements. 

Master lease agreements. 

Co-op propriety lease contract agreements. 

Hypothecating, equity-utilization, leveraging lease agreements. Kiritsis & Associates (212)–922–005.    

Drafting lease contract agreements.

Negotiating lease agreements.

Lease contract agreement and document review services.

 

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

 

Atlantic

Bergen

Burlington

Camden

Cape May

Cumberland

Essex

Gloucester

Mercer

Middlesex

Monmouth

Morris

Ocean

Passaic

Salem

Somerset

Sussex

Union

Warren

 

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.

 

Sources:

 

U.S. Constitution

New Jersey State Constitution

New Jersey Board of Bar Association 

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

Seton Hall University School of Law

New Jersey Institute of Continuing Legal Education

New Jersey Revised Uniform Limited Liability Company Law

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)

Marini v. Ireland, 56 N.J. 130 (1970)

Reste Realty Corp. v. Cooper, 53 N.J. 444 (1969)

Fargo Realty, Inc. v. Harris, 173 N.J. Super 262

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

N.J.S.A. 25: 1-12

Hous. Auth. & Urban Redevelopment Agency of City of Atl. City v. Taylor, 171 N.J. 580 (2002)

McBride v. Port Auth. of N.Y. and N.J., 295 N.J. Super 521, 685 A.2d 320 (App. Div. 1996)

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)

Caris v. Way, 192 N.J. Super 536 (Law Div. 1983)
 

Law Offices of Kiritsis & Associates
Phone: 212 922 0005

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