Notice to Tenant of Transfer of Lease (Commercial Real Estate Purchase and Sale) (NJ) | Practical Law

Notice to Tenant of Transfer of Lease (Commercial Real Estate Purchase and Sale) (NJ) | Practical Law

A notice delivered by a seller as the landlord to a commercial tenant when selling its New Jersey commercial real property to a third party. This notice informs the tenant of the change in ownership in the property, the assignment of the lease, the transfer of any security deposit to the purchaser, and where to send rental payments and correspondence going forward. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both sellers and purchasers.

Notice to Tenant of Transfer of Lease (Commercial Real Estate Purchase and Sale) (NJ)

Practical Law Standard Document w-042-1159 (Approx. 8 pages)

Notice to Tenant of Transfer of Lease (Commercial Real Estate Purchase and Sale) (NJ)

by Practical Law Real Estate
MaintainedNew Jersey
A notice delivered by a seller as the landlord to a commercial tenant when selling its New Jersey commercial real property to a third party. This notice informs the tenant of the change in ownership in the property, the assignment of the lease, the transfer of any security deposit to the purchaser, and where to send rental payments and correspondence going forward. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both sellers and purchasers.