The assignment is not limited to the current tenant’s rent: it covers all income generated by the property during the term of the transaction, including rent from new tenancy agreements and the proceeds from any sale of the property, up to the agreed maximum amount. The owner further declares and guarantees that they are the sole owner of the property, that the rent is free from any encumbrances or charges, and that there is no rent in arrears, and undertakes contractually to collect the rent and to ensure the property’s profitability. In the event of the owner’s death, the contract remains in force and is transferred to the heirs.
