Ontario General Assignment of Rents

This General Assignment of Rents template is for lenders in Ontario to obtain additional security for the repayment of a borrower's debt.

  • Under the Assignment a corporate borrower (debtor) assigns to the lender all rents, income and revenue from a mortgaged property, as security for a loan or line of credit being advanced to the borrower by the lender.
  • The borrower agrees not to accept prepayment of the rents or to further assign or encumber the rents or the leases.
  • The borrower may continue to receive the rents unless it is in default under the Assignment. In that event, the rents must be paid to the lender.
  • The lender has the right to enter the property and collect the rent, enforce the lease or maintain the property.

If you lend money or extend credit facilities in Ontario, you should have a copy of the General Assignment of Rents as part of your documentation package.

Document Type: Microsoft Word
Last Updated: 23-February-2021
SKU: 5244
$17.99
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Ontario General Security Agreement

Ontario lenders, prepare a General Security Agreement with this comprehensive template form.

  • The borrower grants the lender a security interest in all of the borrower's present and future personal property including inventory, equipment, accounts and book debts, and all proceeds therefrom.
  • The interest is being granted to the lender as security for loan financing, operating lines, or other credit facilities advanced by the lender to the borrower.
  • The Security Agreement is governed by the Ontario Personal Property Security Act.
  • This document is available as a fully editable MS Word template form.
$29.99