Mississippi Collateral Assignment of Leases

Mississippi lenders, prepare a Collateral Assignment of Leases for execution by a corporate borrower, with this fully editable template.

The borrower assigns to the lender all of its interest in all existing and future leases covering certain property owned by the borrower, to secure repayment of a commercial business loan.
The borrower will continue to collect the revenues from the leases so long as the borrower is not in default under any of the loan documents.
If the borrower defaults, the tenants are authorized and directed to pay all rent and other payments to the lender until further notice.
This template can be easily customized to fit your specific business needs.

This Mississippi Collateral Assignment of Leases form is available as a Microsoft Word document download.