ALTA
ENDORSEMENTS SAMPLES AND DESCRIPTIONS
ASSIGNMENT OF RENTS OR LEASES – FORM 37-06
An assignment of rents and leases is an assignment of a non real estate interest, even though the assignments are usually recorded in the Public Records. As a consequence, title insurers cannot insure the validity, enforceability or priority of the assignment or include the assignment as an insured document in Schedule A. So the ALTA 37-06 endorsement insures against a defect in the execution of the assignment or the existence of a competing assignment recorded in the Public Records at the Date of Policy.
ALTA Endorsement — Form 37-06 (Assignment of Rents or Leases – 12/3/12)
Form 37-06
Assignment of Rents or Leases
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