Please check your spam folder, as email instructions may have landed there. You can also access the webinar by logging into your account and clicking “Visit Webinar.” If you still can`t find the event URL, call us at 703-372-0550 or contact us and we`ll make sure you receive instructions immediately. When a lender finances a tenant`s activity by using the tenant`s property as collateral, the lender or, in the case of a appliance rental company, must ensure that it first orders the tenant`s security if the tenant is late in the loan. Therefore, the lender will ask the lessor to execute a waiver of the deposit and/or a collateral access agreement. Collateral access agreements ensure that the tenant`s lender has the right to access the security on the landlord`s property and that the guarantees will be retained if the tenant is late in the loan and excludes the lender. Lenders and landlords have at least one thing in common: they are both creditors. Lenders lend by granting loans and lenders lend to their tenants by providing over time the possession of their property in exchange for the promise of being leaseworthy. In many rental agreements, the tenant gives the landlord a security interest in the property in the rental premises in order to guarantee his tenancy obligations. Under the laws of many states, homeowners also have the advantage of a legal pledge. When a lender and a lessor extend loans to the same borrower, they often enter into an agreement on (1) their potentially competing pawn rights on the same property (2) and the lender`s right to enter the leased property to obtain their guarantees.
This “Intercreditor” agreement is often referred to as the owner`s agreement, the lessor waiver or the collateral access agreement. Join thousands of professionals who access our hundreds of courses each year. As a member, you benefit from: No. When registering a webinar, an account is automatically created for you. After completing a webinar, you can access your graduation certificate. When a lender finances a tenant`s activity by using the tenant`s property as collateral, the lender often requires the lessor to perform a waiver or a guarantee access contract. A collateral access agreement gives the tenant`s lender the right to access the security on the landlord`s property and ensures that guarantees will be retained if the tenant is late in the loan. In this webinar, you`ll find out how to negotiate a waiver of party rights and a collateral access agreement.