Receivership of a property

Compulsory administration – If, at the request of a creditor, the local court orders compulsory administration of a property, the creditor is given access to the income from this property. The difference to a forced sale is that the creditor is not satisfied by the substance of the property, but by the current income from the property. Especially in cases where the owner of a property denies access to the creditor, a forced administration is appropriate, as this gives the creditor access.

Receivership at a glance: Access to the income of a property

  • Ordered by the creditor through the local court
  • In contrast to a compulsory auction, the creditor thereby only receives the proceeds of a property, and not the property itself
  • If the owner of a property denies access to the creditor, a forced administration is particularly relevant.

Read also:

Back to the wiki: Real Estate