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Notice of Ground Lease
This MEMORANDUM OF GROUND LEASE (the "Memorandum") is made and
entered into as of ________, 200_, by and between [NAME OF LANDLORD], a
___________ [corporation], with a mailing address at [ADDRESS] (hereinafter referred to
as the "Landlord") and [NAME OF TENANT], a __________ [corporation] with a mailing
address at [ADDRESS] (hereinafter referred to as the "Tenant").
R E C I T A L S:
WHEREAS, Landlord is the owner of that certain parcel of real estate consisting of
approximately _____ acres of land located on _________ in the [CITY, COUNTY,
STATE] (hereinafter referred to as the "Land") upon which is situated an approximately
____ square foot [retail shopping center] commonly known as "_______________" (the
"Shopping Center"); and
WHEREAS, the Land and the Shopping Center are more particularly shown or
described on Exhibit A and incorporated herein by reference; and
WHEREAS, pursuant to that certain Lease Agreement between Tenant and
Landlord dated [DATE] (the "Lease") Tenant is leasing from Landlord and Landlord is
leasing to Tenant an approximately _______ square foot portion of the Shopping Center
know number as Space #__ and identified on the Site Plan as a red crosshatched area (the
"Demised Premises"); and
WHEREAS, this Memorandum is intended to constitute record notice of the Lease
and is entered into pursuant to Article ___ of the Lease.
NOW, THEREFORE, in consideration of the mutual promises hereinafter set forth,
and for other good and valuable consideration, the receipt and sufficiency whereof is hereby
acknowledged, the Landlord and the Tenant hereby agree as follows:
1. Lease of Premises. The Landlord, for and in consideration of the rents hereinafter
reserved by Landlord and the covenants, terms and agreements hereinafter contained on the
part of Tenant to be paid, kept and performed, does hereby demise and lease the Premises to
Tenant and Tenant does hereby take and lease the Premises from the Landlord upon and
subject to the terms and conditions contained in the Ground Lease. The Tenant
acknowledges and agrees that the Tenant is leasing the Premises in its "AS IS" condition
and without any express or implied warranties.
2. Term and Options to Extend.
2.1 Term. To have and to hold the Premises unto Tenant, its successors and
assigns, for a preliminary term beginning as of the date hereof (the "Interim Term
Commencement Date") and terminating at midnight on the day immediately preceding the
Full Term Commencement Date (as that term is hereinafter defined).
Memorandum of Ground Lease
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