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The Gross Lease. The gross lease tends to favor the tenant. The Net Lease. The net lease, however, tends to favor the landlord. The Modified Gross Lease.
Rent Review Memorandum Template This Rent Review Memorandum should be used to document the new rent that is agreed after a rent review. The parties should each retain a signed copy which they should attach to their copy of the lease.
ESSENTIAL ELEMENTS OF A VALID LEASE AGREEMENT. Competent Parties. Legal Purpose. Statute of Frauds. Reversionary Right. Property Description. Mutual Assent (Offer and Acceptance) Consideration.
A lease and addendum are esentially the same thing, 'the lease'. The addendum is part of the lease, it does not stand on it's own. If the lease and addendum say different things, but one does not supercede the other, it's ambigious, and the least restrictive clause stands.
Also known as a memo of lease. A recordable instrument used to put third parties on notice of a lease interest encumbering real property. The memorandum of lease outlines the specific terms of a lease agreement, including: The lease term, including the commencement date and the expiration date.