Legal Question in Landlord & Tenant Law in New Jersey
''sweetheart lease''
Is there anything called a ''sweetheart'' lease, if so what is it? How is it different from a regular lease? What are common circumstances in a sweetheart lease? How does it benefit the leasee, and leasor? Are there any downfalls to have a sweetheart lease? If a sweetheart lease exists, can it be done on a month to month lease? Are there any drawlbacks on either a sweetheart lease or a month to month lease?
Thank you,
Pat
1 Answer from Attorneys
Re: ''sweetheart lease''
this term means a lease which is more favorable to one party than normally would be available in the ordinary course of business. Usually it is more favorable to the tenant. The more favorable part of the lease could be unusually low rent for the space leased, or it could be something else. It is a very general term, and does not have any specific legal meaning.
If you need an attorney (and it sound like you do) then please contact me.
What I have stated here is only general information and not legal advice that you should rely on. You can not rely on the advice of an attorney given over the internet. Also, the exact facts of your situation, including facts which you have not mentioned in your question, may completely change the result for your situation.
If you are in northern New Jersey, please contact me. my address is below, and you can look me up in the telephone book. This website does not allow me to give my telephone number to you.