When a borrower owns real property that will be subject to a charge/mortgage and that real property is or will be rented to one or more third-party tenants, an assignment of rents and leases is another important security option for lenders to consider.

In this video, we discuss:

  • Two main functions of this security option
  • General vs. specific assignment of rents and leases
  • Registering assignments of rents and leases

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How we can help

If you have any specific questions about the points discussed or it's specific application, please reach out to our Banking & Finance Group or Stephanie Harvey.

About the series

Bankers often require security to be executed on loan transactions, but may not understand what it is, or how to identify complicating factors. This series will survey common security documents, and work through associated issues a financial professional may encounter in this space, including: guarantees, security agreements, mortgages, assignment of rents, assignment of insurance, share pledge agreements, and security agreements over intellectual property, among others.