Office Lease Contract (Multi-Tenant Base Year Modified Gross Lease) (Landlord-friendly Simple) (New Jersey)
About this template
The Office Lease Contract (Multi-Tenant Base Year Modified Gross Lease) (Landlord-friendly Simple) in New Jersey is a legal template specifically designed for landlords seeking to lease office spaces to multiple tenants within the state of New Jersey. This contract adheres to the base year modified gross lease structure, which means the tenant is responsible for a portion of the operational expenses and utilities of the property, based on a specified base year. The template is landlord-friendly, meaning it prioritizes the interests of the landlord while maintaining legal fairness. This comprehensive lease agreement covers various essential aspects, including the rental terms, rent escalation clauses, security deposit requirements, lease duration, maintenance and repair obligations, default provisions, insurance requirements, and other crucial terms and conditions for a successful commercial office lease. By utilizing this legal template, landlords can ensure a clear and concise agreement that protects their interests and outlines the responsibilities and obligations of both parties involved in the lease.