What information must a memorandum of lease contain to be entitled to be recorded?

To be eligible for recording, a memorandum of lease must include essential details that establish a public record of the lease agreement. The inclusion of the names of both the lessor and lessee identifies the parties involved in the lease arrangement, ensuring that anyone reviewing the records can determine who has rights and responsibilities under the lease.

Reference to the lease provides a link to the actual lease document, allowing for verification and further inquiry if needed. The lease term specifies the duration of the lease, which is a critical element for understanding the obligations of both parties within that timeframe.

This comprehensive set of information fulfills legal requirements for recording and helps protect the interests of both the lessor and lessee by providing clear and detailed public documentation regarding the property lease.