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Assignment of Leases, Rents, and Profits as Collateral

by | Jan 17, 2019

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If you are seeking a loan and are the owner and holder of a lease, the lender may want an assignment of the lease, rents and profits as security for loaning you money as collateral.  The assignment is only used as security and only permits the lender to collect the payments in the event you do not pay back the loan

At Timely Contract, we have local real estate attorneys who have experience throughout Idaho, including: Boise, Post Falls, Coeur d’Alene, Lewiston, Moscow, and Sandpoint.

We also have local real estate attorneys who have experience throughout Montana, including: Missoula, Billings, Bozeman, and Kalispell

 

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