New Jersey Statutes 50:1-29. Recording of leases and assignments thereof
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Terms Used In New Jersey Statutes 50:1-29
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
50:1-29. The commissioner shall cause leases, and assignments and transfers thereof, to be recorded in books kept in the offices of the department. No assignment or transfer of any ground or lease therefor shall be valid unless approved by the commissioner and the council and forthwith recorded in the office of the department.
Amended 1979, c.199, s.21; 2007, c.338, s.15.