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assignment of rents |
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assignment of rents Additional collateral usually required by lenders for commercial properties. The lender may wish to take some step short of foreclosure if there is a default. By virtue of the assignment of rents,the lender may exercise its rights to contact all tenants and advise them to pay their rent directly to the lender rather than to the landlord borrower. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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