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    doc123's Avatar
    doc123 Posts: 1, Reputation: 1
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    #1

    Nov 19, 2006, 09:15 AM
    Legal Definition of Landlord
    What is the legal definition of landlord in New York state?

    If the rent is assigned to mortgagee in lieu of foreclosure, is the mortgagee also the landlord?

    Thank you.
    doc123
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    Nov 19, 2006, 09:34 AM
    Quote Originally Posted by doc123
    What is the legal definition of landlord in New York state?
    Hello doc:

    What is a landlord? An entity that leases property, or its assignee. From your statement, the mortgage company has apparently only been assigned the rent - not the lease.

    Quote Originally Posted by doc123
    If the rent is assigned to mortgagee in lieu of foreclosure, is the mortgagee also the landlord?

    Thank you.
    doc123
    If the house is foreclosed upon, they will be.

    excon
    Cvillecpm's Avatar
    Cvillecpm Posts: 553, Reputation: 28
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    #3

    Nov 19, 2006, 10:36 AM
    Quote Originally Posted by doc123
    What is the legal definition of landlord in New York state?

    If the rent is assigned to mortgagee in lieu of foreclosure, is the mortgagee also the landlord?

    Thank you.
    doc123
    No - this is an action of the mortgage/security instrument for the mortgage company/lender to get their money and the tenant has no relationship in that instrument..
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