Nebraska's Adoption of Statutory Provisions for the Creation, Perfection and Enforcement of a Security Interest in Real Estate Rents
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Authors
Turner, Steven C.
Issue Date
1994
Volume
27
Issue
Type
Journal Article
Language
Keywords
Alternative Title
Abstract
INTRODUCTION|The rental payments generated from a commercial real estate project, such as a shopping center or an apartment complex, are often the primary source of repayment of a debt secured by the real estate. Although rent payments would appear to be personal property and otherwise subject to the provisions of Article 9 of the Uniform Commercial Code, an interest in a lease of real property and rent payments are excluded from the scope of Article 9. Accordingly, lenders must look to real property law to determine issues such as creation, priority, and enforcement of an interest in real estate leases and the rents derived therefrom...
Description
Citation
27 Creighton L. Rev. 181 (1993-1994)
Publisher
Creighton University School of Law