Terms Used In New Jersey Statutes 38A:12-5

  • 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
38A:12-5. The Adjutant General may lease, rent or permit the use of any armory or other military and veterans’ facility, or any part thereof, for nonmilitary purposes, under such restrictions and for such compensation, if any, as he may by regulation prescribe.

L.1963, c.109; amended 1984,c.181,s.25; 1988,c.138,s.17.