Property receivership

This Overview introduces the various forms of receivership used to enforce security over a property asset and covers the materials contained in the property receivership subtopic.

The appointment of a receiver remains a popular enforcement procedure for creditors with security over a property asset. The procedure for appointing receivers is relatively simple and does not involve the same levels of statutory compliance required in, for example, a company in administration. As such it is a cost-effective enforcement procedure.

What this subtopic covers

This subtopic includes Practice Notes on the following:

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pre-appointment considerations and review
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enforcement by appointment of a receiver
•
enforcement by appointment of an administrative receiver
•
enforcement by a mortgagee
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the role and duties of receivers, termination of receivership and remuneration of the receiver
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information to assist navigating common issues arising during receivership
•
country guides

The subtopic includes Precedents for the appointment of a LPA/fixed charge receiver:

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Demand letter—borrower and Demand letter—guarantor together with the guidance found in Practice Note: How to serve a demand for payment
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borrower documentation inviting a receiver appointment (Invitation to appoint a receiver—letter and Invitation

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