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MORTGAGE SECURITY AGREEMENT ASSIGNMENT of LEASES and Form

MORTGAGE SECURITY AGREEMENT ASSIGNMENT of LEASES and Form

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(bright upbeat music) - Hey everybody, my name is Paul Vojchehoske, and welcome to The Real Estate Classroom YouTube channel. Real quick, give this video a thumbs up, hit that red subscribe button and hit that little, notification bell. Now two concepts we're gonna talk about in this video is, subleasing or sometimes called subletting, and assignment of leases. Now, a couple of things before we get going. Remember, all real estate contracts can be assigned, unless the contract strictly prohibits it. So absence of some kind of prohibition, every real estate contract including, a lease contract, can be assigned. So I'm gonna explain the differences between assignment of a lease and subleasing so, check this out. So, in a typical landlord-tenant relationship. We have, two parties. We have the lessor, and the lessor is the landlord. And there's a lease agreement, that's entered into, with the lessee, L-E-S-S-E-E, that is the tenant. All right so, let's say it's a one year, lease. And it's

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