21 Pa. Stat. § 405

Current through P.A. Acts 2023-32
Section 405 - Memorandum of lease, sublease or agreement

In lieu of the recording of such a lease, sublease or agreement, there may be recorded in such office a memorandum thereof, executed by all persons who are parties to said lease, sublease or agreement and acknowledged according to law by the lessor, containing at least the following information with respect to such lease, sublease or agreement:

(1) The name of the lessor in such lease, sublease or agreement;
(2) The name of the lessee therein;
(3) The addresses, if any, set forth therein as addresses of such parties;
(4) A reference to the date thereof;
(5) The description of the demised premises in the form set forth therein;
(6) The date of commencement of the term of the lease, if a fixed date, and if not the full provision or provisions thereof pursuant to which such date of commencement is to be fixed;
(7) The term of the lease;
(8) If the lessee has a right of extension or renewal, the date of expiration of the final period for which such right is given;
(9) If the lessee has a right of purchase of or refusal on the demised premises or any part thereof, a statement of the term during which said right is exercisable.

21 P.S. § 405

1959, June 2, P.L. 454, § 2.