A business borrower may also provide an interest in all (or some) of its current and future assets through an agreement or general security assumption. A guarantee on receivables is made by a private agreement. Under Belgian law, a guarantee of debts between the parties applies, provided that the pawnbroker has the right to disclose to the debtor the mortgaged claims of the pledge and that it is enforceable from the date of its conclusion with third parties (other than the debtor of the pawned debts). However, in order to be valid against the debtors of the receivables, the debtor must be informed of the deposit obligation, since the debtor`s payment to the lender is not valid and the debtor cannot be held responsible for making a second payment to the deposit-taking officer. Typically, a borrower who buys or develops real estate will provide a mortgage on land for the benefit of the lender. A mortgage allows the lender to take possession of the asset and transfer it, primarily over unsecured creditors. Mortgages are governed by specific legislation, which is mainly contained in the Mortgage Act, but also in the Russian Civil Code. A mortgage allows the borrower to obtain compensation for the debtor`s default under a guaranteed obligation in principle, primarily over unsecured creditors. A mortgage is a charge for the property and limits the right of mortgagor to the free use and transfer of this property.
For example, Mortgagor can only sell the mortgage property with the consent of the borrower (unless the mortgage agreement provides for something else). As a general rule, when the property changes ownership and the mortgage has not been unloaded, the mortgage remains on that property. The income of care homes is not a rental income, as would be seen with any rental real estate financing. As a result, break-up clauses or tenant contributions are not relevant to the calculation of income. Instead, "operating income" and EBITDA are of paramount importance and, given the uneven cash flow profile, lenders may opt for a mixed interest rate for the calculations of financial pacts (for example. B, look back nine months, anticipate three months, allocate revenues to future calculation periods, or require a reserve for financing costs greater than 12 months).