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Assignment of Rents Agreement | Canada
Secure the repayment of a mortgage loan by having the borrower execute this Assignment of Rents Agreement for Canadian lenders.
- The borrower assigns to the lender all rent revenues from tenants in the property being mortgaged.
- The assignment is given as security for repayment of the mortgage and performance of the borrower's obligations to the lender.
- The rentals continue to be paid to the borrower / assignor until such time as the lender / assignee gives a demand in writing to the tenants to pay the rents to the assignee.
- The agreement stays in effective until all of the monies due under the mortgage have been paid in full.
- An Assignment of Rents Agreement is a good means of obtaining additional security for performance under a loan agreement. You can download it immediately following purchase.
- This form is governed by the laws of Canada.
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Ontario Loan Agreement for Non-Revolving Bridge Financing
Prepare a Loan Agreement for a non-revolving loan for bridge financing with this downloadable template for Ontario.
- This type of loan agreement is typically used for construction projects.
- Advances will be made as and when needed, up to a maximum amount.
- Interest will be calculated daily based on the principal balance outstanding, not compounded.
- Principal may be repaid at any time with no prepayment penalty.
- All outstanding principal and interest becomes due upon completion of the project.
- This legal contract template is available as a downloadable and fully editable MS Word template.
- Intended for use only in the Province of Ontario, Canada.
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Priorities Agreement Between Two Lenders
Prepare a Priorities Agreement between a debtor and two lenders with this ready-made template.
- The lenders are both secured parties under loan agreements or credit arrangements with the debtor. The Agreement sets out the priority of the lenders' security positions.
- Each of the lenders agrees that its security will rank equally in priority, notwithstanding the date of execution or registration, or other factors.
- Any default by the debtor will be deemed to be a default under security held by each of the lenders.
- This is a generic legal contract which does not specifically reference the laws of any country, state or province.
- The Priorities Agreement Between Two Lenders is in MS Word format and is easy to download and use.
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Loan Security Forms Package | Canada
Are you loaning money or extending credit facilities to a customer or other party? Document your security interest as a creditor with this Loan Security Forms Package for Canadian lenders.
- The package contains the following forms:
- General Security Agreement,
- Unconditional Guarantee and Postponement of Claim,
- Promissory Note to be executed by the borrower.
- Available in MS Word format.
- Intended to be used only in Canada.
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Directors Resolution to Change Registered Office | Canada
The directors of a Canadian corporation can change its registered office by passing this Directors Resolution.
- The corporation's Board of Directors resolves to change the registered office from its current location to a new location.
- The corporate secretary is authorized to file the appropriate form of Notice with the applicable registry.
- The template can be used by any Canadian corporation formed under a Business Corporations Act, either federally or provincially. English version not valid in Quebec.
- Available as a fully editable download in MS Word format.
- Intended to be used only within Canada.
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Ontario General Security Agreement
Ontario lenders, prepare a General Security Agreement with this comprehensive template form.
- The borrower grants the lender a security interest in all of the borrower's present and future personal property including inventory, equipment, accounts and book debts, and all proceeds therefrom.
- The interest is being granted to the lender as security for loan financing, operating lines, or other credit facilities advanced by the lender to the borrower.
- The Security Agreement is governed by the Ontario Personal Property Security Act.
- This document is available as a fully editable MS Word template form.
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Promissory Note with Monthly Payments, Compound Interest | Canada
Set up a series of monthly payments for a borrower under a Promissory Note with this template form for Canada.
- The principal and interest are to be repaid in equal monthly installments.
- Interest is calculated and compounded monthly.
- Any amount of principal and/or interest not paid on time bears interest at the same rate as the loan balance.
- You can use this legal form template anywhere in Canada except the Province of Quebec.
- This form is downloadable, editable and reusable.
$2.29
Term Promissory Note | Canada
Secure the repayment of a loan with this Term Promissory Note template for Canada.
- The Note allows the borrower to repay the loan amount in regular payments of blended principal and interest.
- The interest is calculated monthly and compounded yearly.
- This is a reusable legal form. Buy it, download it, re-use it as often as you require.
- Available in MS Word format.
- Intended for use only in Canada.
$1.99
