Examples of Memorandum of Lease in a sentence
This Agreement shall not be recorded, but the parties agree, concurrently with the execution of this Agreement, to execute and cause to be recorded in the Official Records of the County of Riverside, California, a Memorandum of Lease Purchase Agreement in the form of Schedule 15.16 attached hereto.
IN AGREEMENT, the parties hereto have executed this Memorandum of Lease as of the day and year first above written.
Lessor shall execute, with notarization, and deliver to Lessee together with its initial delivery of the signed Agreement a recordable Memorandum of Lease in form reasonably acceptable to the Parties (“Memorandum of Lease”) which shall include the Exhibit A description of the Project Site and which Lessee shall then record in the Official Records of the municipality in which the Project Site is located.
The parties hereto contemplate that this Lease should not and shall not be filed for record, but in lieu thereof, at the request of either party, Lessor and Xxxxxx shall execute a Memorandum of Lease to be recorded for the purpose of giving record notice of the appropriate provisions of this Lease.
Upon expiration or earlier termination of the Lease, Landlord may unilaterally record a termination of this Memorandum of Lease, which shall be effective without signature or any other acknowledgement by Xxxxxx.