54:4-2.9. Proportionate cancellation on termination of leasehold estate
77 words·~1 min read·
/nj/title-54/chapter-4/54-4-2-9A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any lessee or his assignee whose estate is terminated prior to the term granted by the lessor, upon presentation to the governing body of the municipality of proof of the cancellation by said lessor of said lease and of the surrender of his possession thereunder, shall be entitled to a proportionate cancellation of the assessment and to the refund of taxes paid on the portion of the assessment so canceled.
L.1949, c. 177, p. 567, s. 7.