Receivers do not have to “nurse the market” or spend time or money increasing the value of property
Receivers – Duty of care – Bankrupt mortgagor – Appellant owning residential property as buy-to-let investment – Respondents appointed as receivers of property by mortgagee – Bankruptcy order made against…
Receivers Duty of care
1. Herbal Hill Studios Limited (“Herbal Hill”) (formerly known as Ely Property (Herbal Hill) Limited) and Bower Terrace Student Accommodation Limited (“Bower Terrace”) (formerly known as Ely Maidstone Limited) are…
Mortgage – Appointment of receivers – Claimants owning properties used for student accommodation – Receivers appointed pursuant to charge over properties in favour of bank – Receivers seeking to take over management of properties…
Sale of property – Valuation – Estate agent – Respondent court-appointed receiver having power to sell assets of appellant – Respondent obtaining valuation of property and achieving that price –…
Bankers’ charge over freehold tenanted property coupled with assignment of right to receive rents from tenant – Rental payments ceasing – Whether right to appoint receiver triggered by default of…
Claimant running mortgaged pig farm – Receivers appointed by mortgagors as managers of farm – Whether receivers owed duty to mortgagor over and above good faith – Judge finding duty…
Bank instructing agent to market mortgaged property – Bank appointing receiver – Whether bank breaching duty to exercise reasonable skill and care in advising client – Whether bank failing to…