A form of memorandum of ground lease not favoring either party. This form of memorandum of ground lease is a recordable instrument used to put third parties on notice of a ground lease interest encumbering real property. While leases and related recorded documents are generally governed by state law, this jurisdictionally neutral template is useful and relevant in every state. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both landlords and tenants.