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Questions About Receivership Property

Does the original owner ever get property back after it is in receivership?

I know a landlord who had her two hotels placed in receivership. I understand this is to collect the hotels debts. Now I have heard from a second party, (I know hearsay) that one of the renters of a apt in the hotel who owed three thousand in rent, had his debt reduced to zero, so he could start over.
This was done by the person collecting rents for the receivership. Would this not be slowing down or dragging feet over paying off the debt and if so to what purpose? Would it be to bankrupt the original owner and liquefy the property?
This was my former landlord and she was very good to me. I also rent an apt in this hotel. Now am I obligated to inform her of this. It seems wrong. Like kicking someone when they are down. My ethics say tell her, but then the person who is over the hotel now might find a reason to cause me to have to leave my apt, like raise my rent etc in retaliation.
Also why is not the lawyer of the former landlord not catching this. He should be checking the rent receipts, it seems like it is juggling the books.

Industry Expert answers:

Technical the property should go back to the original landlord once the problems are straighten out, unless there are other legal issues involved that would make the courts sell the property instead.

As for the specific question about the forgoing of rent, this is wrong. Tenants that are behind on rent should be evicted and the unit repaired and re rented. I would be willing to bet in you case, the lawyer intends steal the property for future development. Bankrupting the owner they can justify selling the building cheep to a “friend” who is is probably a real estate developer and the building will eventuality be demolished for a new project.

In my opinion, most lawyers that work as receivers are at best incompetent and at worst thieves that intend to suck any equity the owner may have had in the building out though their excessive fees.

if my commercial landlord goes into receivership can I renegotiate a new lease with the new landlord?

I signed a 10 yr lease with my landlord regarding a commercial property. However they have just gone into receivership. Does this mean I can renegotiate a new lease when the next landlord is appointed? I am now paying all monies to the administrator until further notice, but need to know if the previous lease is now null and void?

Industry Expert answers:

Unless the fine print of your lease specifically voids the lease in this situation…..the lease survives the sale and binds over to the new owner. Akl what the status is of any Security you have up or you may find yourself holding an empty bag in a he said she said situation when its time to move on.

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