What Is a Deed of Trust With Assignment of Rents?
A deed of trust with assignment of rents is the legal document typically used in many states for the purchase of rental property. The deed of trust contains the legal description of the property and the terms of the loan, such as the interest rate, loan amount and term. It also identifies the borrower and lender, as well as the legal provisions that explain the rights and responsibilities of each party to the agreement, including trustor obligations, beneficiary rights and trustee duties.
