Generally the security agreement or Court Order will allow the Receiver to renew leases. If the power is not specifically provided for the Receiver may apply for the power to renew. Caution should be exercised when renewing long term leases as it may impact on the overall value of the property.
Licensed Insolvency Trustee
Looking for Forms ?
We have a number of forms available for download here.
Personal Solutions
Corporate Solutions
Read more articles here.
phone 604-605-3335 | fax 604-605-3359 | toll free 888-850-6585 | © 2020 • Boale, Wood and Company
Speak Your Mind