It's common for a commercial loan to include an “assignment of rents,” by which the borrower assigns to its lender the rents it gets from the property securing the loan. In Florida, there's a statute that governs how an assignment of rents works.
It's common for a commercial loan to include an “assignment of rents,” by which the borrower assigns to its lender the rents it gets from the property securing the loan. In Florida, there's a statute that governs how an assignment of rents works.