Mississippi Collateral Assignment of Leases

Mississippi lenders, prepare a Collateral Assignment of Leases for execution by a corporate borrower, with this fully editable template.

• The borrower assigns to the lender all of its interest in all existing and future leases covering certain property owned by the borrower, to secure repayment of a commercial business loan.
• The borrower will continue to collect the revenues from the leases so long as the borrower is not in default under any of the loan documents.
• If the borrower defaults, the tenants are authorized and directed to pay all rent and other payments to the lender until further notice.
• This template can be easily customized to fit your specific business needs.

This Mississippi Collateral Assignment of Leases form is available as a Microsoft Word document download.