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Notice of Ground Lease
The full term of the Ground Lease shall commence on and as of [DATE]
(the "Full Term Commencement Date"), and continuing for a term expiring on the tenth
(10
th
) anniversary date of the Full Term Commencement Date. From and after the Full Term
Commencement Date, all references herein to the "term" or the "term of this Lease" shall be
deemed to refer to the full term. Prior to the Full Term Commencement Date, all such
references shall be deemed to refer to the preliminary term.
2.2 Options - Automatic Extension. Tenant shall have the right, at its election, to
extend the original [NUMBER] (__) year full term of the Ground Lease for [NUMBER]
(__) extension periods of [NUMBER] (__) years each, commencing upon the expiration of
the original term, or the original term as the same may have been previously extended
pursuant to the terms and provisions of the Ground Lease.
2.3 Memorandum
. This instrument is intended to constitute a Memorandum of
the Ground Lease. In the event of any conflict or inconsistency between the terms hereof
and the terms of the Ground Lease, the terms of the Ground Lease shall govern and control.
The terms and provisions of the Ground Lease are incorporated herein by reference.
[Remainder of this page has been intentionally left blank. Signature page follows.]
Memorandum of Ground Lease www.leaplaw.com
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