Michigan Assignment of Leases and Rents Forms
Complete county-specific assignment of leases and rents packages for all Michigan counties. Immediate download, guaranteed recordable, includes completion guide and examples.
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Assignment of Leases and Rents Form
County-specific blank form formatted to meet all local recording requirements including margins, fonts, and content specifications.
Always CurrentCompletion Guide
Step-by-step instructions explaining how to fill out every blank on the form. No guesswork - just follow along line by line.
Easy to FollowCompleted Example
See exactly how a properly completed assignment of leases and rents should look with our filled-out sample document for reference.
Reference ToolUse 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)
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Can I reuse the forms for multiple properties?
Yes. You can reuse the forms for your personal use. If you have multiple properties in the same county, you only need to order once for all your properties in that county.
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April 15th, 2019
nice & easy, site needs to have notification as to security of credit card info. who and how?
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February 24th, 2021
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August 6th, 2020
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August 13th, 2020
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