Michigan Assignment of Leases and Rents
County Specific Legal Forms Validated as recently as June 9, 2026 by our Forms Development Team
About the Michigan Assignment of Leases and Rents
How to Use This Form
- Select your county from the list on the left
- Download the county-specific form
- Fill in the required information
- Have the document notarized if required
- Record with your county recorder's office
What Others Like You Are Saying
"Deeds.com did a great job in explaining exactly what I'd need to file a deed transfer (quitclaim dee…"
"The website made it easy to find and print out the documents I needed. The whole process was straigh…"
"It's been a difficult time during my divorce. Glad I was able to get the house related documents eas…"
"Great experience. Rapid service, no unexpected problems, and reasonable pricing. I will definitely u…"
"Easy to use!!"
Use this form to assign leases and rents to the lender as added security in the case of default.
554.231 Assignment of rents to accrue from leases as additional mortgage security.
Sec. 1.
Hereafter, in or in connection with any mortgage on commercial or industrial property other than an apartment building with less than 6 apartments or any family residence to secure notes, bonds or other fixed obligations, it shall be lawful to assign the rents, or any portion thereof, under any oral or written leases upon the mortgaged property to the mortgagee, as security in addition to the property described in such mortgage. Such assignment of rents shall be binding upon such assignor only in the event of default in the terms and conditions of said mortgage, and shall operate against and be binding upon the occupiers of the premises from the date of filing by the mortgagee in the office of the register of deeds for the county in which the property is located of a notice of default in the terms and conditions of the mortgage and service of a copy of such notice upon the occupiers of the mortgaged premises.
(Michigan AOR Package includes form, guidelines, and completed example)
How to Use This Form
- Select your county from the list above
- Download the county-specific form
- Fill in the required information
- Have the document notarized if required
- Record with your county recorder's office
What Others Like You Are Saying
"Deeds.com did a great job in explaining exactly what I'd need to file a deed transfer (quitclaim dee…"
"The website made it easy to find and print out the documents I needed. The whole process was straigh…"
"It's been a difficult time during my divorce. Glad I was able to get the house related documents eas…"
"Great experience. Rapid service, no unexpected problems, and reasonable pricing. I will definitely u…"
"Easy to use!!"
Common Uses for Assignment of Leases and Rents
- Assign a mortgage to a new lender or loan servicer
- Assign a deed of trust after a bank merger or acquisition
- Release an assignment of rents back to the property owner
- Document the sale of a mortgage on the secondary market
- Record a release of assignment after debt satisfaction
- Transfer a mortgage between affiliated financial institutions
Compare other Michigan deed forms and documents
Important: County-Specific Forms
Our assignment of leases and rents forms are specifically formatted for each county in Michigan.
After selecting your county, you'll receive forms that meet all local recording requirements, ensuring your documents will be accepted without delays or rejection fees.