Bruce Davis IX
Junior Member
What is the name of your state (only U.S. law)? New Jersey
A family acquaintance has been the commercial tenant in a building which sits upon a piece of property owned by a New Jersey Municipality. He has rented and has had sole use of the building for at least 25 years. During this time, he has operated the business he owns from this location. He has paid all rent monies to the town and has performed maintenance to the building. His lease is set to expire soon, but the question is, are there any squatter's rights (or some other term) that this tenant might have to the building or the property?
A family acquaintance has been the commercial tenant in a building which sits upon a piece of property owned by a New Jersey Municipality. He has rented and has had sole use of the building for at least 25 years. During this time, he has operated the business he owns from this location. He has paid all rent monies to the town and has performed maintenance to the building. His lease is set to expire soon, but the question is, are there any squatter's rights (or some other term) that this tenant might have to the building or the property?