(a)

Terms Used In Tennessee Code 67-5-2205

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Property: means any and all real property and all improvements thereon or used in connection therewith. See Tennessee Code 67-5-2201
(1) The receiver is authorized to rent or lease the receivership property upon such terms as may be approved by the court in which the receivership is pending.
(2) Any lease thus made by the receiver shall terminate upon the termination of the receivership.
(b) From any assets of the receivership, the court may authorize the payment of a reasonable premium on any surety bond required of the receiver and reasonable expenses for the maintenance, repair or improvement of the receivership property.
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