Document background
The Memorandum of Lease Agreement is a crucial document used in German real estate transactions to formalize the leasing relationship between landlord and tenant. It serves as the primary reference document outlining all essential aspects of the lease arrangement, including premises description, rental terms, duration, and parties' obligations. This document type is specifically designed to comply with German legal requirements, particularly the strict written form requirements under § 550 BGB for long-term leases. It's used for both commercial and residential properties, though specific provisions may vary accordingly. The agreement must incorporate mandatory provisions of German tenancy law while allowing flexibility for specific commercial terms. It typically includes detailed schedules and appendices for aspects such as operating costs allocation, building rules, and premises plans.
