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

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Originally Posted by doc123

What is the legal definition of landlord in New York state?

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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:

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Originally Posted by doc123

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

Thank you.
doc123

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If the house is foreclosed upon, they will be.

excon

Quote:

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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

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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..