Memorandum of Lease
A memorandum of lease is a recordable summary of a lease used to provide public notice of a long-term leasehold interest without recording the entire lease document. NY law provides specific priority consequences when a recorded lease is later modified but the modification is not recorded.
- Where it applies
- New York State
- When it comes up
- Lease execution; financing; sale/diligence
- Property types
- Ground leases; commercial leases with recording needs
Title and Recording
- Assignment of Mortgage
- Bargain and Sale Deed (With Covenant Against Grantor's Acts)
- Bona Fide Purchaser (BFP)
- Borough-Block-Lot (BBL)
- Chain of Title
- City Register
- Condominium Common Charge Lien
- Consideration
- Conveyance
- Cover Page (NYC Recording)
General information, not legal, tax or financial advice.