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Austin
Assignment of Leases and Rents

Austin Texas Assignment of Leases and Rents

Category:

Real Estate - Assignments

State:

Multi-State

City:

Austin

Control #:

US-RE-A-10110-4

Format:

Instant download

Description

The assignment of leases and rents, also known as the assignment of leases rents and profits, is a legal document that gives a mortgage lender right to any future profits that may come from leases and rents when a property owner defaults on their loan. This document is usually attached to a mortgage loan agreement.

Assignment of leases and rents allows lenders to a degree of financial protection in case a loan default occurs. This document is an agreement made between a borrower and a lender of mortgage loans. It often details an exact amount the lender will be entitled to if a default happens.

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