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Alberta Corporate Mortgage Guarantee Forms
Obtain a guarantee to ensure repayment of a mortgage loan to a corporation with this package of mortgage guarantee forms for Alberta.
- The guarantee is an unconditional guarantee from a principal of the corporation who agrees to repay the principal, interest and all other sums owing under the mortgage if the corporate mortgagor defaults.
- The guarantor's liability will be to the same extent as if the guarantor was primarily liable under the mortgage security, and not just as a surety.
- The package also includes a set of corporate resolutions to be passed by the shareholders and directors of the corporate guarantor, authorizing the corporation to give the guarantee.
- This package of Mortgage Guarantee forms is intended to be used in the Province of Alberta, Canada.
$11.99
General Assignment of Rents and Leases | Canada
Before loaning money to a borrower, obtain an assignment of rental and lease income from their rental properties with this downloadable template for Canadian lenders.
- The borrower assigns to the lender the amount of all rents and leases payable by the tenants in any rental 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.
- The Assignment of Rents and Leases can be used in any Canadian province or territory except Quebec.
- Every commercial loan in Canada should include a General Assignment of Rents and Leases as part of its paperwork. Download the form today.
$17.99
Loan and Charging Agreement | Canada
Canadian lenders can use this downloadable Loan and Charging Agreement to prepare loan documents for a borrower.
- The template includes both the Loan Agreement and a promissory note for the principal amount of the loan plus interest.
- The borrower agrees to register an encumbrance against title to real estate owned by the borrower, as collateral security for the loan.
- If the borrower defaults in repaying the loan, title to the property will be transferred to the lender.
- Available in MS Word format.
- Intended to be used only in Canada.
$17.99