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.
Document Type: Microsoft Word
Last Updated: 26-May-2025
SKU: 5245
$29.99
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Loan Security Forms Package | Canada

Are you loaning money or extending credit facilities to a customer or other party? Document your security interest as a creditor with this Loan Security Forms Package for Canadian lenders.

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Loan and Charging Agreement | Canada

Canadian lenders can use this downloadable Loan and Charging Agreement to prepare loan documents for a borrower.

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Accounts Receivable Security Agreement | Canada

Document your security interest in a borrower's property with this Accounts Receivable Security Agreement template for Canadian lenders.

  • The Agreement is part of the documentation that the borrower must provide to the lender, to secure a loan or line of credit.
  • The Agreement grants the lender a security interest in all of the borrower's present and future personal property including inventory, equipment, accounts receivable and book debts.
  • The form is governed by Canadian laws and can be used in any province or territory which has Personal Property Security Act legislation.
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Ontario General Assignment of Rents

This General Assignment of Rents template gives lenders in Ontario a means of additional security for the repayment of a corporate borrower's debt.

Assignment of Rents, Income, and Revenue

Under the terms of this Assignment, the borrower (debtor) assigns to the lender all rents, income, and revenue generated from a mortgaged property. This assignment acts as security for a loan or line of credit that the lender is advancing to the borrower.

Borrower’s Restrictions and Continuing Rights

The borrower agrees not to accept prepayment of the rents. Furthermore, the borrower cannot further assign or encumber the rents or the leases in any way. However, unless the borrower is in default under the Assignment, they may continue to collect the rents as usual.

Default and Lender’s Remedies

If the borrower defaults under the terms of the Assignment, any rents must be paid directly to the lender. At this point, the lender has the right to enter the mortgaged property, collect the rent, enforce the terms of the lease, or maintain the property as necessary.

Additional Information

This template is available in Microsoft Word format and is intended solely for use within the Province of Ontario, Canada.

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