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By Mr. Loscocco of Holliston, petition (accompanied by bill, House, No. 1586) of Paul J. P. Loscocco relative to the uniform assignment of rents. The Judiciary. |
The Commonwealth of Massachusetts
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PETITION OF:
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By Mr. Loscocco of Holliston, petition (accompanied by bill, House, No. 1586) of Paul J. P. Loscocco relative to the uniform assignment of rents. The Judiciary. |
The Commonwealth of Massachusetts
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PETITION OF:
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In the Year Two Thousand and Seven.
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Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Section 4 of chapter 183 of the General Laws is hereby amended by deleting such section and by substituting therefor the following:--
A conveyance of an estate in fee simple, fee tail or for life, of a lease for more than seven years from the making thereof, or an assignment of rents from an estate or lease, shall not be valid as against any person, except the grantor or lessor, his heirs and devisees and persons having actual notice of it, unless it, or an office copy as provided in section thirteen of chapter thirty-six, or, with respect to such a lease or an assignment of rents, a notice of lease, as hereinafter defined, or a document creating an assignment of rents in accordance with chapter one hundred eighty-three C, is recorded in the registry of deeds for the county or district in which the land to which it relates lies. A “notice of lease”, as used in this section, shall mean an instrument in writing executed by all persons who are parties to the lease of which notice is given and shall contain the following information with reference to such lease: - the date of execution thereof and a description, in the form contained in such lease, of the premises demised, and the term of such lease, with the date of commencement of such term and all rights or extension or renewal.