What is an assignment of rental income?

An assignment of rental income is a contract between a landlord and a tenant in the state of New Hampshire. It allows the tenant to assign their right to receive rental payments from their landlord to another party, such as a lender or investor. This means that the lender or investor can receive the agreed-upon rental payments from the landlord, rather than the tenant. This type of agreement is beneficial for landlords, because it ensures that they will receive regular rental payments. It also provides tenants with financial flexibility, since they can use the money they receive from the lender or investor to cover other expenses. Additionally, it can be an attractive option for lenders and investors, because they can benefit from receiving regular payments from a tenant’s rental income. In order for the assignment of rental income to be valid in New Hampshire, the tenant must receive the landlord’s written permission. Additionally, it’s important to consult a lawyer to make sure that all parties involved in the agreement understand their rights and obligations and are in compliance with state and local laws.

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What is an assignment of rental income?

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