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Assignment of Rents Agreement | Canada
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.
$11.99
Balloon Promissory Note with Collateral | Canada
Write up a Balloon Promissory Note with this easy-to-use template for Canada, which requires collateral as additional security.
- The borrower agrees to make monthly payments against the amount secured by the Note, until the date of the final payment.
- The final payment will be a balloon payment, which is a payment in full of the entire balance of principal and interest outstanding at that date.
- The Note has an additional provision requiring the borrower to put up personal property or real estate as collateral for the loan.
- This digital legal form can be used in any Canadian province or territory.
Add the Balloon Promissory Note form to your shopping cart, check out and download the template immediately after purchase.
$6.29
General Security Agreement | Canada
Secure a loan or line of credit with this General Security Agreement for Canadian lenders.
- The borrower grants the lender a security interest in all of the borrower's personal property (inventory, equipment, accounts and book debts), and all income and proceeds from that personal property.
- The General Security Agreement secures payment and performance of all of the borrower's present and future indebtedness to the lender, including the lender's costs of enforcing the Agreement.
- The borrower agrees to protect and preserve the collateral property, to keep it in good condition and repair, to pay all taxes and charges levied against it, and to keep it fully insured.
- So long as the borrower is not in breach of its obligations, the borrower retains possession of the collateral and can use it in the ordinary course of its business.
- This legal document template is intended for use only in Canada.
$17.99