Fillable Commercial Lease Agreement Template - State Of New Jersey (Page 2 of 7) in pdf

3. Use

Notwithstanding the forgoing, Tenant shall not use the Leased Premises for the purposes of

storing, manufacturing or selling any explosives, flammables or other inherently dangerous

substance, chemical, thing or device.

4. Sublease and Assignment.

Tenant shall have the right without Landlord's consent, to assign this Lease to a corporation with

which Tenant may merge or consolidate, to any subsidiary of Tenant, to any corporation under

common control with Tenant, or to a purchaser of substantially all of Tenant's assets. Except as

set forth above, Tenant shall not sublease all or any part of the Leased Premises, or assign this

Lease in whole or in part without Landlord's consent, such consent not to be unreasonably

withheld or delayed.

5. Repairs.

During the Lease term, Tenant shall make, at Tenant's expense, all necessary repairs to the

Leased Premises. Repairs shall include such items as routine repairs of floors, walls, ceilings,

and other parts of the Leased Premises damaged or worn through normal occupancy, except for

major mechanical systems or the roof, subject to the obligations of the parties otherwise set forth

in this Lease.

6. Alterations and Improvements.

Tenant, at Tenant's expense, shall have the right following Landlord's consent to remodel,

redecorate, and make additions, improvements and replacements of and to all or any part of the

Leased Premises from time to time as Tenant may deem desirable, provided the same are made

in a workmanlike manner and utilizing good quality materials. Tenant shall have the right to place

and install personal property, trade fixtures, equipment and other temporary installations in and

upon the Leased Premises, and fasten the same to the premises. All personal property,

equipment, machinery, trade fixtures and temporary installations, whether acquired by Tenant at

the commencement of the Lease term or placed or installed on the Leased Premises by Tenant

thereafter, shall remain Tenant's property free and clear of any claim by Landlord. Tenant shall

have the right to remove the same at any time during the term of this Lease provided that all

damage to the Leased Premises caused by such removal shall be repaired by Tenant at Tenant's

expense.

7. Property Taxes.

Landlord shall pay, prior to delinquency, all general real estate taxes and installments of special

assessments coming due during the Lease term on the Leased Premises, and all personal

property taxes with respect to Landlord's personal property, if any, on the Leased Premises.

Tenant shall be responsible for paying all personal property taxes with respect to Tenant's

personal property at the Leased Premises.

8. Insurance.

A. If the Leased Premises or any other part of the Building is damaged by fire or other casualty

resulting from any act or negligence of Tenant or any of Tenant's agents, employees or invitees,

rent shall not be diminished or abated while such damages are under repair, and Tenant shall be

responsible for the costs of repair not covered by insurance.

B. Landlord shall maintain fire and extended coverage insurance on the Building and the Leased

Premises in such amounts as Landlord shall deem appropriate. Tenant shall be responsible, at its

expense, for fire and extended coverage insurance on all of its personal property, including

removable trade fixtures, located in the Leased Premises.

Commercial Lease Agreement Template - State Of New Jersey Page 2

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