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doc123
Nov 19, 2006, 09:15 AM
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
Nov 19, 2006, 09:34 AM
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.


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
Nov 19, 2006, 10:36 AM
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..