There are many different ALTA endorsements that provide coverage for a wide range of factors. In this article, we are going to delve into the ALTA endorsements for the assignment of rents or leases and talk about when these can be effectively used when underwriting title insurance.
Assignment of Rents or Leases Endorsements
This endorsement was developed to standardize a form of endorsement frequently requested on commercial transactions. The endorsement protects a lender against financial losses resulting from: (1) any defect in the execution of the Assignment; and (2) any Assignment of Leases and Rents appearing in the Public Records which is not excepted in Schedule B.
Interested in learning more about this and other ALTA endorsements? Request your copy of our free endorsement book.
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Commercial Partners Title Company is your one-stop shop for all things commercial title insurance. For decades we have been facilitating commercial transactions for clients throughout the state of Minnesota and around the country. We have built up a reputation as the experts in commercial title. Let us put that experience to work on your next commercial transaction. Contact us today to learn more about the services we provide and how we can help you through all the ins and outs of your next commercial transaction. You can find us at our primary office located in downtown Minneapolis.