Receivers

This booklet focuses on receivers in New South Wales, Australia and information particularly relevant to them. 

What Constitutes a Receiver?

 A receiver is not a direct landlord or owner of a property. A receiver is appointed by creditors or the court to take charge of the affairs of a business, usually when the business has run into serious financial difficulty.

The receiver’s role is to sell assets from the business on behalf of the financing bank. This situation often creates a property vacancy whilst the receiver is looking for a buyer, or is in the process of liquidating the property and other assets. This is particularly the case where the business under receivership was itself the occupier of the premises in question.

Such a short-term vacancy can create an ideal opportunity for an empty space project.