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Deed Of Assignment Of Rental Income
"I need a Deed of Assignment of Rental Income under Swiss law for my commercial property in Zurich, assigning rental income to Credit Suisse as security for a new financing arrangement closing on March 15, 2025."
1. Parties: Identification of the Assignor (property owner) and Assignee (recipient of rental income), including full legal names and addresses
2. Background: Context of the assignment, including details of the underlying property and reason for assignment
3. Definitions: Definitions of key terms used throughout the deed, including 'Rental Income', 'Property', 'Lease Agreements', etc.
4. Assignment: Core provision detailing the assignment of rental income, scope, and effective date
5. Rights and Obligations of the Assignor: Detailed listing of the assignor's continuing obligations and retained rights
6. Rights and Obligations of the Assignee: Specification of the assignee's rights and responsibilities regarding the rental income
7. Notice Requirements: Procedures for notifying tenants and other relevant parties of the assignment
8. Duration and Termination: Term of the assignment and circumstances under which it may be terminated
9. Representations and Warranties: Assignor's confirmations regarding ownership, authority to assign, and absence of encumbrances
10. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction for disputes
11. Execution: Formal execution blocks meeting Swiss requirements for deeds
1. Security Provisions: Additional provisions when the assignment is used as security for a loan or other obligation
2. Property Management: Provisions regarding ongoing property management responsibilities when relevant
3. Multiple Properties: Additional provisions for cases involving rental income from multiple properties
4. Bank Account Arrangements: Specific provisions regarding the collection and handling of rental payments through designated accounts
5. Insurance Requirements: Provisions regarding property insurance and assignment of insurance proceeds if required
6. Step-In Rights: Provisions allowing the assignee to step in and manage the property under specified circumstances
1. Property Details: Detailed description of the property/properties including address, land registry details, and current rental value
2. Existing Lease Agreements: List and key details of all current lease agreements affecting the property
3. Form of Notice to Tenants: Template notice to be sent to tenants informing them of the assignment
4. Payment Instructions: Details of bank accounts and payment procedures for rental income
5. Power of Attorney: Form of power of attorney if required for the assignee to collect rental income directly
6. Existing Encumbrances: List of any existing charges, mortgages or other encumbrances affecting the rental income
Authors
Assignment
Assignor
Assignee
Business Day
Effective Date
Event of Default
Lease
Lease Agreement
Lender
Notice of Assignment
Parties
Payment Date
Permitted Security Interest
Property
Rental Income
Rental Period
Security Interest
Secured Obligations
Tenant
Term
Transaction Documents
Outstanding Amounts
Collection Account
Designated Account
Existing Leases
Future Leases
Property Manager
Management Agreement
Encumbrance
Insurance Proceeds
Property Expenses
Operating Expenses
Swiss Law
Security Agent
Enforcement Event
Step-In Rights
Completion Date
Default Notice
Security Period
Security Interest
Representations and Warranties
Covenants
Payment Provisions
Notice Requirements
Duration
Termination
Default
Remedies
Step-In Rights
Property Management
Insurance
Bank Accounts
Set-Off
Further Assurance
Costs and Expenses
Tax
Amendments
Severability
Notices
Governing Law
Jurisdiction
Entire Agreement
Third Party Rights
Counterparts
Power of Attorney
Force Majeure
Assignment and Transfer
Confidentiality
Real Estate
Banking & Finance
Commercial Property
Property Development
Asset Management
Investment Management
Property Investment
Corporate Real Estate
Legal
Real Estate
Finance
Treasury
Risk Management
Asset Management
Property Management
Investment
Credit Risk
Commercial Banking
Real Estate Manager
Property Manager
Finance Director
Legal Counsel
Asset Manager
Investment Manager
Commercial Property Director
Banking Relationship Manager
Security Trustee
Real Estate Finance Manager
Treasury Manager
Risk Manager
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Deed Of Assignment Of Loan
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Assignment Of Rents Trust Deed
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