Commonwealth Land Title Insurance Company, NCS

ALTA ENDORSEMENTS - 258 - SAMPLES AND DESCRIPTIONS ASSIGNMENT OF RENTS OR LEASES – FORM 37-06 An assignment of rents and leases is an assignment of a non real estate interest, even though the assignments are usually recorded in the Public Records. As a consequence, title insurers cannot insure the validity, enforceability or priority of the assignment or include the assignment as an insured document in Schedule A. So the ALTA 37-06 endorsement insures against a defect in the execution of the assignment or the existence of a competing assignment recorded in the Public Records at the Date of Policy. ALTA Endorsement — Form 37-06 (Assignment of Rents or Leases – 12/3/12) Form 37-06 Assignment of Rents or Leases