Grand Traverse County Assignment of Leases and Rents Form (Michigan)
All Grand Traverse County specific forms and documents listed below are included in your immediate download package:
Assignment of Leases and Rents Form
Fill in the blank form formatted to comply with all recording and content requirements.
Included Grand Traverse County compliant document last validated/updated 12/12/2024
Guidelines - Assignment of Leases and Rents
Line by line guide explaining every blank on the form.
Included Grand Traverse County compliant document last validated/updated 11/28/2024
Completed Example of the Assignment of Leases and Rents Document
Example of a properly completed form for reference.
Included Grand Traverse County compliant document last validated/updated 11/19/2024
The following Michigan and Grand Traverse County supplemental forms are included as a courtesy with your order:
When using these Assignment of Leases and Rents forms, the subject real estate must be physically located in Grand Traverse County. The executed documents should then be recorded in the following office:
County Register of Deeds
400 Boardman Ave, Traverse City, Michigan 49684
Hours: 8:00 am to 5:00 pm Mon - Fri
Phone: (231) 922-4753
Local jurisdictions located in Grand Traverse County include:
- Acme
- Grawn
- Interlochen
- Kingsley
- Mayfield
- Old Mission
- Traverse City
- Williamsburg
How long does it take to get my forms?
Forms are available immediately after submitting payment.
How do I get my forms, are they emailed?
Immediately after you submit payment, the Grand Traverse County forms you order will be available for download directly from your account. You can then download the forms to your computer. If you do not already have an account, one will be created for you as part of the order process, and your login details will be provided to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance. Forms are NOT emailed to you.
What does "validated/updated" mean?
This indicates the most recent date when at least one of the following occurred:
- Updated: The document was updated or changed to remain compliant.
- Validated: The document was examined by an attorney or staff, or it was successfully recorded in Grand Traverse County using our eRecording service.
Are these forms guaranteed to be recordable in Grand Traverse County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Grand Traverse County including margin requirements, content requirements, font and font size requirements.
Can the Assignment of Leases and Rents forms be re-used?
Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Grand Traverse County that you need to transfer you would only need to order our forms once for all of your properties in Grand Traverse County.
What are supplemental forms?
Often when a deed is recorded, additional documents are required by Michigan or Grand Traverse County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.
What type of files are the forms?
All of our Grand Traverse County Assignment of Leases and Rents forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.
Do I need any special software to use these forms?
You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.
Do I have to enter all of my property information online?
No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.
Can I save the completed form, email it to someone?
Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.
Are there any recurring fees involved?
No. Nothing to cancel, no memberships, no recurring fees.
Use 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)
Our Promise
The documents you receive here will meet, or exceed, the Grand Traverse County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
Save Time and Money
Get your Grand Traverse County Assignment of Leases and Rents form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.
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December 20th, 2024
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