STG Management Agreement Endorsement Guideline 1
Explanation:This endorsement is similar to the CLTA 104.6. It insures against defect in execution of the management agreement and against a prior recorded assignment of such agreement.
Underwriting Requirements:(1) Verify the proper execution by the assignors.
(2) Verify that no prior assignment (in a mortgage or other instrument) is outstanding.
The underwriting guidelines contained herein have been provided for general reference. The facts, circumstances, and location of the subject property should be considered when determining the issuance of the requested form or endorsement. Please note that all of the forms and endorsements included in this system may not be available in all states. Accordingly, please contact the appropriate Stewart Title Guaranty Company underwriting personnel in order to determine availability.
Compliance with the underwriting guidelines contained herein in no way obligates Stewart Title Guaranty Company to issue any form or endorsement.
This guideline applies to the following form(s):