ChD 15 March 1988. An application for appointment of a receiver for a block of flats by the treasurer of a residents association . There had been a history of disputes over repairs to the block between the residents and owners of the freehold. Planning permission had been obtained for construction of penthouse flats on top of the block which concerned the residents. In 1986, the freehold was acquired by the present defendants but matters did not significantly improve. In addition, new managing agents were appointed. The residents` association applied to the court for a receiver with regard to the repairs. The question which the judge had to decide was the balance of convenience. The residents` view was that the freeholders were interested in building the penthouses to make a profit and they did not have confidence in the landlords` ability to undertake the work. The defendants did not see the need for the appointment of a receiver as new managing agents had been appointed. They also