Memorandum of Ground Lease (IL) | Practical Law

Memorandum of Ground Lease (IL) | Practical Law

A memorandum of ground lease for recording in the public records to give third parties constructive notice of a ground lease encumbering Illinois real property. This Standard Document does not favor either the ground lessor or ground lessee. It has integrated notes with important explanations and drafting and negotiating tips for landlords and tenants.

Memorandum of Ground Lease (IL)

Practical Law Standard Document w-019-1522 (Approx. 26 pages)

Memorandum of Ground Lease (IL)

by Practical Law Real Estate
MaintainedIllinois
A memorandum of ground lease for recording in the public records to give third parties constructive notice of a ground lease encumbering Illinois real property. This Standard Document does not favor either the ground lessor or ground lessee. It has integrated notes with important explanations and drafting and negotiating tips for landlords and tenants.