Of what consists the hypothec on rents?

When the immovable property given as security is a rental building, the financial institution will ask that the borrower grants a hypothec on rents (also known as mortgage on rents). The lending financial institution so takes as security the income that it generates. Upon the occurrence of an event of default, it will publish a notice of withdrawal of the right to collect the rents and will require the tenants that they directly pay to it the rents already due and forthcoming.