Additional Security for Real Estate Lenders

Lenders typically require that borrowers assign leases and rents as additional security when financing real property transactions. An assignment of leases and rents (ALR) may be contained in the mortgage or deed of trust, or in a separate standalone document and recorded to memorialize the assignment. Check out this ALR template for a Connecticut commercial real estate financing transaction. For additional information and ALR templates for other jurisdictions, see the Related Content below.

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Related Content

• Assignment of Leases and Rents in a Commercial Real Estate Loan Transaction
  Learn about the purpose of an ALR and lenders’ and borrowers’ rights under the assignment, covering various topics such as a borrower’s revocable license to collect rent, representations and warranties of the borrower, satisfaction of the borrower’s obligations, and ways to document an ALR.

• Assignment of Leases and Rents (Pro-Lender) (NY)
  Use this ALR template in connection with a borrower acquisition loan transaction assigning leases and occupancy agreements related to a mortgaged property in New York.

• Assignment of Leases and Rents (TX)
  Use this ALR template for a conditional or unconditional assignment of the borrower’s interest in the lease, rents, and profits in the subject real property for a Texas loan.

• Assignment of Leases and Rents (Acquisition Loan)
  Refer to this ALR for use in a borrower acquisition loan transaction to assign leases and occupancy agreements related to the mortgaged property.

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