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Boale, Wood and Company

Boale, Wood and Company

Licensed Insolvency Trustee

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Tenant Insolvency: What is Rent

May 30, 2007 by David Wood Leave a Comment

The Trustee is obligated to pay “rent” only.

The lease agreement should be read carefully to determine what is included in the calculation of rent. Often additional items, such as common area costs, insurance, property taxes, GST, etc. are defined as rent or additional rent. In this case, the Bankruptcy Trustee is obligated to pay these additional costs.

Blog Insolvency,  landlord and tenant

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