Memorandum of Option. Concurrently with the execution of this Agreement Owner shall execute, acknowledge and deliver to Optionee a memorandum of option in the form attached as Schedule 1.3 (the “Option Memorandum”), which Option Memorandum may be recorded by Optionee in the Official Records of Los Angeles County, California (the “Official Records”). In the event Optionee records the Option Memorandum in the Official Records, Optionee shall be responsible for payment of all fees and taxes associated with such recording.
Appears in 5 contracts
Samples: Lease Option Agreement, Lease Option Agreement, Lease Option Agreement
