{"url_path":"/sec/cik-0000096885/10-k/2026/item-2","section_key":"item-2","section_title":"Item 2 Properties**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-30","source_url":"https://www.sec.gov/Archives/edgar/data/96885/0001185185-26-002742-index.html","accession_number":"0001185185-26-002742","cik":"0000096885","ticker":null,"issuer_name":"TEL INSTRUMENT ELECTRONICS CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/96885/0001185185-26-002742-index.html","primary_entity_key":"0000096885","primary_entity_name":"TEL INSTRUMENT ELECTRONICS CORP"},"word_count":200,"has_tables":true,"body_markdown":"**Item\n2. Properties**\n\n \n\nThe\nCompany leases its general office and manufacturing facility in East Rutherford, NJ (approximately 27,000 square feet). In April 2021,\nthe Company extended the lease term for another eight years until August 31, 2029, at an initial monthly rate of $21,237 and ending in\na monthly rate of $23,083. Under terms of the lease, the Company is also responsible for its proportionate share of the additional rent\nto include all real estate taxes, insurance, snow removal, landscaping, and other building charges. The Company is also responsible for\nthe utility costs for the premises. \n\n \n\nThe Company also leased a small office in Lawrence,\nKansas under an operating lease agreement. In October 2025, the Company terminated the lease and closed this office. The Company leases\nan apartment near the New Jersey Plant for the use of Tel’s Chief Executive Officer. The lease was extended by the Company in April\n2026 and is set to expire in April 2027.\n\n \n\nWe\nbelieve that our facilities are adequate for our needs for the foreseeable future. Tel is unaware of any environmental problems in connection\nwith its location and because of the nature of its manufacturing activities, does not anticipate any such problems."}