You need to study the NJ landlord tenant regulations that govern your business.

On the commercial side there's less regulation and there might be exceptions,  but those are rare exceptions. 

First, check your CCRs and any updated rules and regulations to see if you in fact, violated any rules or if there are even any requirements for the trims that you have changed. 

Just not very familiar with the technical end ( loans, legal, taxes, regulations) But thats why I joined on here.

So you are still holding but planning  to load up on the recycle again.I just enjoy businesses as residential is getting heavily regulated in favor of the tenants and peaking out so it is more of a hassle for me then the return it generates for my time.If the cycle changes i can simply hold a 15 year NNN from a national tenant at a high cap rate I developed and then wait for the right time in the next cycle to sell.

The states have differing laws and regulations.

Find and follow the Abandoned Property regulations for your State. 

A simple "Storage Addendum" to the lease can cover all the details of pricing, rules/regulations, etc.  

Injuries, etc. are a separate insurance issue that may or may not be regulated by your state licensing agency.Contractor licensing is all about complying with state licensing regulations in regards to knowledge, solvency, taxes, code of conduct, and financial regulations.  

This puts very high regulations on banks when they fund a loan.