Land Records

Assignment of Rents and Leases KRS 286.5-441

This document is filed when a borrower uses fees collected under rental or lease agreements as additional security for a mortgage.  

The document requires:

  • Name of the Borrower, Lessor, Assignor (KRS 382.430, KRS 382.200)
  • Name and address of the Lender, Assignee (KRS 382.290(6), KRS 382.335(2))
  • Source of Title (KRS 382.110)
  • Legal description (Common Law and OAG 81-100)
  • Maturity date (OAG 80-3 & KRS 382.330)
  • Preparation Statement (KRS 382.335)
  • The clerk shall request a return mail address (KRS 382.240)
  • The borrower must sign the document, and the signature must be acknowledged.

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