New Jersey Default Remedy Clause

State:
Multi-State
Control #:
US-OL14031
Format:
Word; 
PDF
Instant download

Description

This office lease form is a standard default remedy clause, providing for the collection of the difference between the rent due and owing under the lease and the rents collected in the event of mitigation.

How to fill out Default Remedy Clause?

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FAQ

A local public entity may indemnify an employee of the local public entity for exemplary or punitive damages resulting from the employee's civil violation of State or federal law if, in the opinion of the governing body of the local public entity, the acts committed by the employee upon which the damages are based did ...

Plaintiffs' claim for breach of the Defendants' fiduciary duty is governed by a six-year statute of limitations pursuant to N.J. Stat. Ann. § 2A:14-1.

Statute of limitations: case can be thrown out of court if the defendant can show that the statute of limitations has expired. Generally, breach of contract in New Jersey must be filed within six years of the date the cause of action accrues.

Notice of Entry of Default and Entry of Final Judgment In cases where no answer is filed or if an answer is determined to be non-contested, the mortgage lender can ask the court for entry of default. The lender can do so after 35 days have elapsed since you received service of the summons and complaint.

This means that the statute of limitations on rental debt is 16 years in New Jersey.

An action for indemnification must be filed within 3 years from either judgment or settlement of the underlying claim.

These limitation periods prevent the state from prosecuting cases that are untimely, that is, outside the related statutory period. Where prosecution is instituted outside the limitation period, it is barred. The statute of limitation for prosecution of a crime in New Jersey is generally five years.

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New Jersey Default Remedy Clause