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STONEBRIDGE ASSOCIATES, LTD. v. CITY NATIONAL BANK OF MIAMI

No. 90-0417.

573 So.2d 211 (1991)

STONEBRIDGE ASSOCIATES, LTD., Appellant, v. CITY NATIONAL BANK OF MIAMI, As Trustee under Trust No. 5004373, Appellee.

District Court of Appeal of Florida, Fourth District.

January 30, 1991.

Attorney(s) appearing for the Case

Paul H. Bass of Krongold & Bass, P.A., Coral Gables, for appellant.

Michael Marder and Leonard Lubart of Greenspoon, Marder, Hirschfeld & Rafkin, P.A., Fort Lauderdale, for appellee.

Todd S. Frankenthal of Abrams, Anton, Robbins, Resnick & Schneider, P.A., Hollywood, for appellee-receiver.

PER CURIAM.

Stonebridge Associates, Ltd., appeals a non-final order appointing a receiver to take control of its rental property and fixing the amount of the receiver's bond at $5,000.

We find no fault with the appointment of the receiver under the existing circumstances reflected by the record, but do find the amount of the receiver's bond to be inadequate. The subject property consists of 193 rental units with a potential annual rental of over one million...

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