assignment of rents clause

assignment-of-rents clause. A mortgage provision or separate agreement that entitles the lender to collect rents from the mortgaged premises if the borrower defaults. [Cases: Mortgages 199(2). C.J.S. Mortgages §§ 301–302.]

---

词条贡献者

法律翻译玉晶，毕业于英国一流的高级翻译学院，专注翻译各类与通用数据保护条例有关的法律文件。