Lenders, have a corporate borrower sign over the rents under a lease of company-owned property with this Assignment of Rents by Lessor with Repurchase Agreement, as security for a loan and other credit facilities being advanced to the borrower. Provisions of the agreement include:

• The lender (assignee) does not assume any of the obligations under the lease. Those obligations remain with the borrower (assignor), and the assignor indemnifies the assignee against any failure by the assignor to perform its obligations.


• The lender may proceed against the borrower without taking any action against the lessee (tenant) of the property.


• The borrower guarantees punctual payment under the terms of the lease.


• If the lessee of the property defaults under the lease, the borrower can repurchase the rights assigned by paying the lender the then total unpaid balance of rental payments under the lease.

This is a generic assignment of rents form in MS Word format, and is fully editable to suit your needs.