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The Differences Between a Deed & a Deed of Trust Who Is the Trustee in a Deed of Trust? A deed of trust with assignment of rents is the document that underlies the loan on a rental property. The lender's security interest in the property gets created by the deed of trust. The ...
Deed of Trust. This sample Deed of Trust is for use in conjunction with a promissory note which is to be secured by real property. As drafted, the Deed includes an assignment of leases and rents, but parties will sometimes prepare a separate assignment of leases and rents document in conjunction with the loan transaction.