Assignment of Rents by Lessor Template

This assignment of rents by lessor template has 3 pages and is a MS Word file type listed under our real estate documents.

Sample of our assignment of rents by lessor template:

ASSIGNMENT OF RENTS BY LESSOR This Assignment of Rents (the "Assignment") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Assignor"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [ASSIGNEE NAME] (the "Assignee"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS For value received, Assignor assigns and transfers to Assignee, all rents and other sums due and to become due, assign or under that lease Dated [DATE], between Assignor as Lessor, and [NAME], as Lessee; For the lease of the following described property: [DESCRIBE] Assignor warranties and representations Assignor is the lawful owner of the above-described lease and of the rental property that is the subject thereof and of all rights and interests therein. The lease is genuine, valid, and enforceable. Assignor has a right to make this assignment. The rental property and rental payments and other sums are free from liens, encumbrances, claims and set offs of every kind whatsoever except as follows: [DESCRIBE] The balance of rental payments unpaid as of the date of this assignment is [amount] commencing with the next payment due on [date]. TERMS AND CONDITIONS OF THE ASSIGNMENT Assignor understands and agrees that: Assignee does not assume any of the obligations arising under the Lease. Assignor will keep and perform all of his obligations as Lessor under the Lease. In addition, Assignor shall indemnify assignee against the consequences of any failure to do so. Assignor will not assign any other interest in the lease, nor sell, transfer, mortgage, or encumber the property described in the lease, or any part thereof, without first obtaining the written consent of Assignee.