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Document Id : 123
File Type : Microsoft Word
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Canada Assignment of Rents
Canadian lenders, secure the repayment of a mortgage loan by having the borrower execute this Assignment of Rents Agreement.
- The borrower assigns to the lender all rent revenues from tenants in the property being mortgaged.
- The assignment is given as security for repayment of the mortgage and performance of the borrower's obligations to the lender.
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