Atlanta Georgia Assignment of Commercial Leases as Collateral for Commercial Loan

State:
Multi-State
City:
Atlanta
Control #:
US-1155BG
Format:
Word; 
Rich Text
Instant download

Description

A lender may require that a borrower assign as collateral all of the all of rights, title and interest in and to a lease or leases regarding a commercial loan. This form assigns specific leases on the property which is security for the loan as well as a blanket assignment of all future leases. The Borrower/Owner retains the right to collect rents until a default in the Loan occurs. Upon default, the Lender has the right to collect the rent and apply it to the debt. The Assignment is obviously a collateral assignment as opposed to an absolute assignment.
Free preview
  • Form preview
  • Form preview
  • Form preview

Trusted and secure by over 3 million people of the world’s leading companies

Atlanta Georgia Assignment of Commercial Leases as Collateral for Commercial Loan