Fillable Commercial Lease Agreement Template - State Of New Jersey (Page 6 of 7) in pdf

21. Brokers.

Tenant represents that Tenant was not shown the Premises by any real estate broker or agent

and that Tenant has not otherwise engaged in, any activity which could form the basis for a claim

for real estate commission, brokerage fee, finder's fee or other similar charge, in connection with

this Lease.

22. Waiver.

No waiver of any default of Landlord or Tenant hereunder shall be implied from any omission to take any

action on account of such default if such default persists or is repeated, and no express waiver shall affect

any default other than the default specified in the express waiver and that only for the time and to the extent

therein stated. One or more waivers by Landlord or Tenant shall not be construed as a waiver of a

subsequent breach of the same covenant, term or condition.

23. Memorandum of Lease.

The parties hereto contemplate that this Lease should not and shall not be filed for record, but in

lieu thereof, at the request of either party, Landlord and Tenant shall execute a Memorandum of

Lease to be recorded for the purpose of giving record notice of the appropriate provisions of this

Lease.

24. Headings.

The headings used in this Lease are for convenience of the parties only and shall not be considered in

interpreting the meaning of any provision of this Lease.

25. Successors.

The provisions of this Lease shall extend to and be binding upon Landlord and Tenant and their respective

legal representatives, successors and assigns.

26. Consent.

Landlord shall not unreasonably withhold or delay its consent with respect to any matter for which Landlord's

consent is required or desirable under this Lease.

27. Performance.

If there is a default with respect to any of Landlord's covenants, warranties or representations under this

Lease, and if the default continues more than fifteen (15) days after notice in writing from Tenant to Landlord

specifying the default, Tenant may, at its option and without affecting any other remedy hereunder, cure

such default and deduct the cost thereof from the next accruing installment or installments of rent payable

hereunder until Tenant shall have been fully reimbursed for such expenditures, together with interest

thereon at a rate equal to the lessor of twelve percent (12%) per annum or the then highest lawful rate. If this

Lease terminates prior to Tenant's receiving full reimbursement, Landlord shall pay the unreimbursed

balance plus accrued interest to Tenant on demand.

28. Compliance with Law.

Tenant shall comply with all laws, orders, ordinances and other public requirements now or

hereafter pertaining to Tenant's use of the Leased Premises. Landlord shall comply with all laws,

orders, ordinances and other public requirements now or hereafter affecting the Leased

Premises.

29. Final Agreement.

This Agreement terminates and supersedes all prior understandings or agreements on the

subject matter hereof. This Agreement may be modified only by a further writing that is duly

executed by both parties.

Commercial Lease Agreement Template - State Of New Jersey Page 6