109 Appointment, powers, remuneration and duties of receiver

109  Appointment, powers, remuneration and duties of receiver

(1)     A mortgagee entitled to appoint a receiver under the power in that behalf conferred by this Act shall not appoint a receiver until he has become entitled to exercise the power of sale conferred by this Act, but may then, by writing under his hand, appoint such person as he thinks fit to be receiver.

(2)     A receiver appointed under the powers conferred by this Act, or any enactment replaced by this Act, shall be deemed to be the agent of the mortgagor; and the mortgagor shall be solely responsible for the receiver's acts or defaults unless the mortgage deed otherwise provides.

(3)     The receiver shall have power to demand and recover all the income of which he is appointed receiver, by action [or under section 72(1) of the Tribunals, Courts and Enforcement Act 2007 (commercial rent

Powered by Lexis+®

Popular documents