Memorandum of lease vs the full lease (Billboard Insider)

Richard Rothfelder, Partner, Rothfelder Falick. As long as the memorandum of lease is filed of record, and it contains enough information to put potential buyers on notice of the lessee’s interest and duty to investigate further to learn more details, such a recorded memorandum of lease would be sufficient to bind these subsequent purchasers of the property and bind them to the lease terms. […]