Products tagged with 'assignment form'

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.

Secure the repayment of a mortgage loan by having the borrower execute this Assignment of Rents Agreement for Canadian lenders.

• 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.
• The rentals continue to be paid to the borrower / assignor until such time as the lender / assignee gives a demand in writing to the tenants to pay the rents to the assignee.
• The agreement stays in effective until all of the monies due under the mortgage have been paid in full.
• An Assignment of Rents Agreement is a good means of obtaining additional security for performance under a loan agreement. You can download it immediately following purchase.
• This form is governed by the laws of Canada.

Assign a mortgage to another mortgagee with this free Alberta Assignment of Mortgage form.

• The current mortgage lender assigns the mortgage loan to a third party (for instance, another lender who is taking over the assets of the existing lender).
• This is a free form available in MS Word format.
• Intended for use only in the Province of Alberta, Canada.

Assign your rights under a share purchase agreement to a third party with this Assignment of Share Purchase Agreement template.

• Notwithstanding the transfer of rights, the assignor will remain responsible for repaying any outstanding indebtedness it has already incurred with respect to purchased shares.
• The assignor covenants that all of its obligations have been performed or satisfied up to the date of the Assignment.
• This is a generic form which does not contain references to any specific legislation. It can be used in any common law jurisdiction.
• The Assignment form is available in MS Word format. Easy to download and customize.

Assign a GST rebate on a new home purchase to the builder with this free Assignment Form for Canadian real estate properties.

• The assignment is made under Section 254 or Section 266 of the Excise Tax Act.
• This form is used when a purchaser of a new home assigns their GST rebate to the builder.
• Downloadable and easy to use.
• Available in MS Word format.
• Only for use in Canada.

Factor the receivables of a business with this package of Assignment of Accounts Receivable forms.

Factoring is a financial process which gives a business an opportunity to inject needed cash into operations by selling its accounts receivable to a third party (the factor) for collection.

What is Included in the Package

• Assignment with Recourse template. With this form of assignment, the third party assignee has recourse to re-transfer back any customer account which is not paid in full within a specified time period, and the assignor agrees to buy them back for the amount of the unpaid balance.
• Assignment Without Recourse template. The assignor does not have the option to take back the accounts if they remain unpaid. The right to collect the unpaid accounts remains with the assignee.

Using the Forms

An assignment of your accounts receivable is a quick way to increase cash flow during slow periods. These are downloadable MS Word forms that you can use again and again. They are generic templates which can be used almost anywhere.