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Home > Law > Law glossary > Law glossary
Mortgagee's power to appoint a receiver
Last modified: Thu Feb 23 16:37:37 2006
A mortgagee is entitled by s.101 of LPA1925 to appoint a receiver of any
income generated by the mortgaged land. This power is most likely to be
exercised over commercial, rather than domestic, property. The advantage
for the mortgagee over taking possession of the mortgaged property is
that it is the receiver who will be accountable to the mortgagor for
any inadequate management of the property, not the mortgagee. See
MortgageesPowerOfSale, PowersOfMortgagee.
LandAndPropertyLaw
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