Inventory and Condition of Leased Premises for Pre Lease and Post Lease New Jersey Form
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People also ask
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What does premises mean in contract law?
The word “premises” has two common meanings: (1) It is the plural of premise, which is a statement or proposition that serves as the basis for an argument, and from which a conclusion is drawn. (2) In property contexts, the word “premises” refers to structures and land that make up a parcel of property.
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What are the rules for month-to-month leases in NJ?
A month to month lease will renew automatically for another month unless the landlord or tenant acts to terminate the lease. This rule applies to both oral and written leases (N.J.S.A. 46:8-10).
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What is an estate to use leased premises called?
A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant has rights of real property by some form of title from a lessor or landlord.
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What is the meaning of lease of premises?
A lease of premises is a lease of the whole or part of a building. Generally, a plan will not be needed for a lease of premises. Premises must be defined by means of a unique description being the shop name/suite number etc together with a full street address.
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What counts as premises?
A premises is a legally defined area. It's the land or the structures on it—or a combination thereof. It might cover a lot of ground, such as an entire shopping mall and its parking lots, or only a small amount, such as a single apartment or a small stretch of sidewalk.
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What is the legal definition of leased premises?
Leased Premise means the specific area of the Building, Land and/or Improvements, collectively, being leased by the Tenant, the boundaries and location of which are shown outlined in APPENDIX B: PLAN OF LEASED PREMISES attached hereto.
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What happens if leased premises become unusable for the purpose stated in the lease?
In this scenario, if leased premises become unusable for the purpose stated in the lease, the tenant may have the right to abandon the premises. This action is known as **Constructive eviction**.
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Does a landlord have to renew a lease in NJ?
A landlord must allow the tenant to renew the lease unless the landlord has good cause for an eviction under the Anti-Eviction Act. (This does not apply to two or three-family owner occupied dwellings, motels, hotels, transients or seasonal tenants).
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