Memorandum of Lease
(NY)

Summary

This template is a memorandum of lease, which may be used to record the material terms of a lease of New York real property for a term exceeding three years, in compliance with Section 291 of the Real Property Law of New York. This template includes practical guidance, drafting notes, alternate clauses, and optional clauses. The memorandum of lease should be recorded in the county where the real property is located. This template may be tailored to suit each transaction. For a full listing of key content covering mechanic's liens, see Mechanic's Lien Resource Kit. For guidance on recording procedures in New York, see Recording Procedures (NY). For a full listing of key content covering retail leasing, see Retail Leasing Resource Kit.