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