What is an assignment of lease and rentals?

In Banking - Asked by Admin - 15 months ago

An assignment of lease and rentals is a document in real estate loans for a mortgaged property to be rented or leased to a third-party tenants. If the borrower defaults the lender can receive rent from the tenants and transfer the leases to a new purchaser.

Answered by Admin - 15 months ago

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What is an assignment of lease and rentals?

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