Examples of Memorandum of Lease in a sentence
This is a Memorandum of Lease which summarizes that certain lease (the "Lease") entered into by and between the South Charleston Development Authority, 000 Xxxxxx Xxxxxx, Xxxxx Xxxxxxxxxx, XX 00000 (the "Lessor"), and GreenPower Manufacturing WV Inc, 0000 Xxxxx Xxxxxx, Xxxxx 000, Xxxxxx Xxxxxxxxx, XX 00000 (the "Lessee"), dated ______________, 2022.
The date set forth in the Memorandum of Lease is for recording purposes only and bears no reference to commencement of either the Term or rent payments of any kind.
This Memorandum of Lease is hereby executed by the parties of the lease in order to comply with the requirements of § 40-1-8 of the State Code of West Virginia, 1931, as amended, and shall effectively give notice to any party, pursuant to such code section, that a lease exists on the Demised Premises which is located at 00 Xxxxxxxxxx Xxx, Xxxxx Xxxxxxxxxx, Xxxxxxx Xxxxxx, West Virginia, and more particularly described in Exhibit A.
Tenant may at any time by Notice to Landlord elect to require the Memorandum of Lease to be terminated, in which case: (a) the parties shall terminate the Memorandum of Lease; and (b) the parties acknowledge that Tenant shall rely on notice by possession rather than constructive notice by recordation of the Memorandum of Lease.
A Memorandum of Lease shall be executed in the form attached as Exhibit C in order to record in the Clerk's Office of the County Commission of Kanawha County, West Virginia.