Credit Evaluation School - May 2023

Internal Use Only

Primary Documents Assignment of Leases & Rents: Is a document that gives a mortgage lender (bank) the right to any future profits that may come from leases and rents when a property owner defaults on their loan. This document can be attached to a mortgage loan agreement or separate.

Internal Use Only

Primary Documents Commercial Lease Agreement: Outlines a landlord's and tenant's rights and obligations when the landlord rents out commercial property to a tenant. (look for sections: “title” and “subordination”) .