Memphis Tennessee Assignment of Leases and Rents

State:
Multi-State
City:
Memphis
Control #:
US-RE-A-10110-4
Format:
Word; 
Rich Text
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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Memphis Tennessee Assignment of Leases and Rents