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Blogs > NJ Real Estate Dispute

Breach of Lease

Apr 16, 2012

Acceptance of Rent in Default Situations

It is not unusual for me to get a call from a commercial landlord battling with a tenant who is in arrears asking whether it is OK to accept a check from the tenant for less than the rent that is owed. » Read More

Sep 14, 2011

IN THE NEWS: Hartz Drops Lawsuit Against EDA over Panasonics Move to Newark Due to Cost

NJ Biz reports: On Monday, Hartz  Mountain Industries terminated its lawsuit against Economic Development Authority over its award of $102.4 million in Urban Transit Hub tax credits to Panasonic Corp. of North America, allowing the electronics company to move its headquarters from Hartz’s Harmon Cove development in Secaucus to a new office tower Matrix Development Group and SJP Properties will build at 2 Riverfront Center in Newark .    » Read More

Jul 21, 2011

Commercial Landlord Has an Implied Obligation to Maintain Shopping Center

On July 7, 2011, the New Jersey Appellate Division affirmed a trial court ruling that where a lease requires a tenant to operate a “quality jewelry store” in a “first class and reputable manner,” the landlord has an implied obligation to maintain the shopping center in a good condition. » Read More

Feb 21, 2011

The Need for Exit Strategies in Your Commercial Lease

In good times and in not so good times, a well drafted and negotiated commercial lease will contain various exit strategies available to the landlord and tenant. These strategies will come in handy in situations where a tenant’s business is booming causing it to grow out of its current space (good times) or where the space is too big or expensive for the tenant to continue because business has dropped off considerably (not so good times). » Read More

Feb 14, 2011

Commercial Lease Variations

When entering into a commercial lease, one of the more important terms negotiated between the parties pertains to the manner in which the landlord will recoup its operating expenses. After all, commercial landlords are in business to make money. Without addressing its operating expenses, a landlord’s return on investment would be whittled away to nothing. » Read More

Feb 07, 2011

What Is a Notice to Quit?

Commercial landlords are occasionally confronted with a situation where one of their tenants is not abiding by the lease. Some commercial landlords feel that they can simply lock the tenant out of its space as result of any breach under the lease. » Read More

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