N.J. Admin. Code § 6A:26-10.5

Current through Register Vol. 56, No. 17, September 3, 2024

Section 6A:26-10.5 - Contents of ground lease

(a) A ground lease shall contain the following provisions:

1. A legal description of the land;

2. Lease of the land and the term of the lease;

3. A warranty that the district board of education has good and marketable title to the land;

4. A warranty that the land is properly zoned for school purposes including the proposed project;

5. A warranty that the leased land and current land uses comply with all local, State, and Federal environmental laws;

6. Termination; and

7. Use of land.

N.J. Admin. Code § 6A:26-10.5

Amended by R.2013 d.145, effective 12/16/2013.
See: 45 N.J.R. 1026(a), 45 N.J.R. 2557(a).
In (a)3, substituted "district board of education" for "board"; and in (a)5, substituted "land uses comply" for "uses of the land have complied" and "laws" for "law", and inserted a comma following "State".