N.Y.C. Admin. Code tit. 27, ch. 2 § 27-2136
Discharge of receiver (New York City Housing Maintenance Code)
Operative Text
The receiver shall be discharged upon rendering a full and complete accounting to the court when the repairs and improvements herein authorized are completed and the cost thereof and all other costs authorized herein have been paid or reimbursed from the rents and income of the dwelling and the surplus money, if any, has been paid over to the owner or the mortgagee or lienor as the court may direct. However, at any time, the receiver may be discharged upon filing his or her account as receiver without affecting the right of the department of housing preservation and development to its lien. Upon the completion of the repairs and improvements, the owner, the mortgagee or any lienor may apply for the discharge of the receiver upon payment to the receiver of all moneys expended by him or her therefor and all other costs authorized by section 27-2135 of this article which have not been paid or reimbursed from the rents and income of the dwelling.
Under N.Y.C. Admin. Code §§ 27-2001 and 27-2136, a court-appointed receiver overseeing repairs to a dwelling must be formally discharged by providing the court with a full accounting once all authorized repairs are finished and all associated costs have been covered—either from the property's rental income or through reimbursement. Any remaining surplus funds are then directed to the owner, mortgagee, or lienor as the court instructs. Alternatively, a receiver may be discharged earlier by filing an account without extinguishing any lien held by the New York City Department of Housing Preservation and Development, and the owner or other interested parties may also seek discharge by repaying the receiver directly for outstanding costs.
Plain English — not legal advice.
Under §§ 27-2001 and 27-2136, property owners whose buildings are under court-appointed receivership should be aware that the receivership concludes through a formal court process requiring a complete financial accounting. Compliant operators typically track all repair expenditures and rental income carefully so that costs can be verified and any surplus returned to the appropriate party. Owners, mortgagees, or lienors who wish to accelerate the receiver's discharge may do so by reimbursing the receiver for all outstanding costs authorized under § 27-2135 that have not already been covered by the property's income.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
For tenants living in a dwelling under court-appointed receivership, §§ 27-2001 and 27-2136 establish that the receiver's authority continues until repairs are complete and finances are settled, meaning the receiver remains responsible for the property's upkeep during that period. Tenants should be aware that rent payments made to the receiver are part of the formal accounting process used to cover repair costs. If concerns arise about the status of repairs or the receivership, tenants may contact the New York City Department of Housing Preservation and Development or consult a tenant-rights organization for general guidance on how the process affects their housing.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 14, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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