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Marcinczyk added that they came to an agreement with NJ Transit to lease the stations to operate the facilities. NJ Transit would maintain two leases, one for each station through 1988 with an option for an extension to 1993. 25¢ of every dollar spent would go to operate the Jersey Avenue station, including an expansion of the station parking ...
The department of transportation formed a new company, New Jersey Transit, in 1979. It began to buy up bus companies, and purchased Transport of New Jersey in 1980. This ended PSE&G's role as a transportation provider, and it became exclusively an energy utility. In 1985, a new holding company, Public Service Enterprise Group, Inc. formed.
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
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Lease purchase agreement (click to view pages) Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during ...
A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
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