Common use of Rent review memorandum Clause in Contracts

Rent review memorandum. Following the agreement or determination of the Revised Rent, the Landlord and the Tenant and any guarantor of the Tenant shall sign a memorandum recording that the Revised Rent is the Principal Rent payable from and including the Review Date. The parties shall be responsible for their own costs and expenses for this.

Rent review memorandum. Following the agreement or determination of the Revised Rentrevised Rent after each rent review, the Landlord and Landlord, the Tenant and any guarantor of the Tenant Guarantor shall sign a memorandum recording that the Revised revised level of the Rent is the Principal Rent payable from and including the Review Dateany agreement made pursuant to clause 8.2.3. The parties shall memorandum will be responsible for their prepared by the Landlord and each party will bear its own costs and expenses for thiscosts.