Memorandum of Lease


This Memorandum of Lease form may be used to record the material terms of a lease of Illinois real property. This form 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 form may be tailored to suit each transaction.For a general discussion on a memorandum of lease, see Memorandum of Lease in Closing a Retail Lease Transaction.