A memorandum of review (or rent review memorandum) documents the result of a rent review process, whether the review is settled by agreement or arbitration / independent expert determination. This is a simple legal document identifying the lease, and the relevant review provisions and both the original and current parties. It records the amount and effective date of any revised rent. It can either be annexed to the lease or, more typically, retained with each party’s deed packet as a separate document.

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