Law of Property Act Receivership

The Law of Property Act Receivership is a legal process where a court appoints a receiver to manage a property when the owner is unable to do so, often due to financial difficulties. The receiver's role is to protect and maintain the property, collect rent, and ensure it generates income. This typically happens when a property owner has defaulted on loans or debts. The receiver acts in the best interest of creditors while ensuring the property remains in good condition and its value is preserved.