MARVIN MANDEL, Governor                               267

TO THE LEASE: (1) THE NAME OF THE LESSOR AND THE NAME OF
THE LESSEE; (2) ANY ADDRESSES OF THE PARTIES SET FORTH IN
THE LEASE; (3) A REFERENCE TO THE LEASE, WITH ITS DATE OF
EXECUTION; (4) A DESCRIPTION OF THE LEASED PREMISES IN
THE FORM CONTAINED IN THE LEASE; (5) THE TERM OF THE
LEASE, WITH THE DATE OF COMMENCEMENT AND THE DATE OF
TERMINATION OF THE TERM; AND (6) IF THERE IS A RIGHT OF
EXTENSION OR RENEWAL, THE MAXIMUM PERIOD FOR WHICH OR
DATE TO WHICH IT MAY BE RENEWED, AND ANY DATE ON WHICH
THE RIGHT OF EXTENSION OR RENEWAL IS EXERCISABLE. IF ANY
DATE IS UNKNOWN, THEN THE MEMORANDUM OF LEASE SHALL
CONTAIN THE FORMULA FROM WHICH THE DATE IS TO BE
COMPUTED. WHEN A MEMORANDUM OF LEASE IS PRESENTED FOR
RECORDING, THE LEASE ALSO SHALL BE SUBMITTED TO THE
RECORDING OFFICE FOR THE PURPOSE OF EXAMINATION TO
DETERMINE WHETHER OR NOT THE LEASE OR THE MEMORANDUM
AUTHORIZED BY THIS SECTION IS SUBJECT TO ANY TRANSFER OR
OTHER TAX OR REQUIRES ANY DOCUMENTARY OR OTHER RECORDING
STAMP. THE CLERK SHALL STAMP THE LEASE WHEN SUBMITTED SO
THAT IT MAY BE IDENTIFIED AS THE INSTRUMENT PRESENTED TO
THE CLERK AT THE TIME OF RECORDING THE MEMORANDUM, AND
THE CLERK SHALL AFFIX TO THE LEASE ANY REQUIRED
DOCUMENTARY STAMP.

REVISOR'S NOTE: This section presently appears as
Art. 21, §3—101 of the Code. Present
subsection (a) is divided into four
subsections for organizational purposes.
Present Art. 21, §3—101(4) appears as Title 3,
§3—110. The present phrase "mortgage or deed
of trust or assignment or release thereof" is
proposed for deletion as superfluous in light
of the definition of "deed" in §1-101(c). The
only other changes are in style.

3-102. OTHER INSTRUMENTS WHICH MAY BE RECORDED.

ANY OTHER INSTRUMENT AFFECTING PROPERTY, INCLUDING
ANY CONTRACT FOR THE GRANT OF PROPERTY OR ANY
SUBORDINATION AGREEMENT ESTABLISHING PRIORITIES BETWEEN
INTERESTS IN PROPERTY, MAY BE RECORDED. THE RECORDING OF
ANY INSTRUMENT CONSTITUTES CONSTRUCTIVE NOTICE FROM THE
DATE OF RECORDING.

REVISOR'S NOTE: This section presently appears as
Art. 21, §3-102 of the Code. The phrase "but
not limited to" is proposed for deletion as
unnecessary since use of the word "including"
is not intended to be exclusionary in any
sense. The only other changes are in style.

3-103. PLACE OF RECORDING.

THE PROPER JURISDICTION FOR RECORDING ALL DEEDS OR