If, at a time when the mortgagee wishes to go into possession, he finds a receiver appointed by the court in possession1, and the rights of prior incumbrancers have not been preserved, he must apply in the proceedings in which the receiver was appointed for the receiver's discharge and for liberty to take possession2; and the mortgagee is not entitled to rents collected by the receiver before the mortgagee's application to the court3. If, however, the existence of prior incumbrancers is known, the order is made
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234