Canada General Assignment of Rents and Leases

Canadian lenders, obtain an assignment of a borrower's rental and lease income with this downloadable template.

• The borrower assigns to the lender the amount of all rents due from tenants in a property owned by the borrower.
• The assignment is given as security for a mortgage loan or other monies being advanced to the borrower by the lender.
• The tenants will continue to pay the rent to the borrower unless and until the lender gives a written demand for it. This would only happen if the borrower defaults.
• The lender does not have any liability or obligation under the lease.

Every commercial loan in Canada should include the General Assignment of Rents and Leases as part of its paperwork. Download the form today.