Iowa Code 468.183 – Rents — application of
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The rents, issues and profits of the real estate when collected by the receiver, shall be applied as follows:
1. To the payment of the costs and expenses of the receivership.
Terms Used In Iowa Code 468.183
- Owner: means a person, other than a lienholder, having the property right in or title to a motorboat or vessel. See Iowa Code 462A.2
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
2. To the payment of current general taxes against said real estate.
3. To the payment of any current special taxes against said real estate.
4. The surplus shall be applied upon any delinquent taxes or tax certificates, and the remainder, if any, shall be paid to the owner of said real estate.