Florida lenders, if a borrower is placing a mortgage on rental property, have the borrower complete this Rented Property Addendum to Mortgage form.
The Addendum contains provisions relating specifically to rental properties, including:
- the borrower's obligation to keep accurate financial records, copies of leases and other documents,
- the borrower's obligation to comply with the provisions of the leases,
- an assignment by the borrower to the lender of the rents and revenues from the property.
This
Florida Rented Property Addendum to Mortgage form is in MS Word format, and is fully editable.