A Practical Primer on Real Property Security Documentation - Part II
|Area||Commercial Real Estate|
Article originally published in Canadian Bar Association's A Practical Review of Secured Financings
Excerpt from "A Practical Primer on Real Property Security Documentation - Part II":
This paper seeks to provide the reader with a basic understanding of what security is typically taken by lenders against real property, why lenders want the security and the types of registrations that need to be undertaken to give effect to the security. The general terms of these agreements are also discussed. This paper also examines the specific issues related to taking security in what are commonly known as space tenant leases.