Temporary Receiver Appointed to Operate Landlord's Buildings
LVT Number: #30728
Landlord of several mortgaged buildings sought appointment during a court action of a temporary receiver to act on landlord's behalf while the case was pending. The court ruled for landlord, named a temporary receiver, and directed the receiver to post an undertaking of $250,000 as a condition to ensure his faithful discharge of duties. Among the receiver's duties listed in the court order were collection of rents and commencement of legal proceedings needed to protect the properties or seek evictions.
339 Lenox Acquisition LLC v. Lenox Ave. Devs. LLC: Index No. 850026/2020, 2020 NY Slip Op 30720(U)(Sup. Ct. NY; 3/6/20; Bluth, J)
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