Confirm insurance coverage immediately. Coverage at a minimum should include property coverage, liability and business interruption. The tenants
Insolvency & Rental Property Management: Residential Tenancies
The Residential Tenancy Act (“RTA”) contains many rules and regulations that must be followed in all residential tenancies, including Mobile Home
Insolvency & Rental Property Management: Security Deposits
Security deposits are dealt with in the RTA. One of the most important issues of being a Receiver of a residential property is how to treat the
Landlord Insolvency: Right to Collect Rent
Notice should be delivered to all tenants advising them of the appointment and instructing them to pay their rent, and arrears of rent, to the
Insolvency & Rental Property Management: Who is liable for the return of pre-appointment security deposits?
The RTA provides that the landlord and all successors are liable for the return of the security deposit. However, the RTA also goes on to say that a
Insolvency & Rental Property Management: Who are the Tenants?
It is important to determine who the tenants are. Ask the landlord for copies of all lease documents or tenancy agreements. If they are not available
Insolvency & Rental Property Management: What are the Tenancy Terms
Review the lease agreements and tenancy agreements to determine what the terms are. This will provide you with the events of default and the remedies
Landlord Insolvency: Entering into New Leases
Unless this power is specifically set out in the security agreement, an instrument appointed Receiver does not have this power. A Court appointed
Tenant Insolvency: Occupation Rent
Occupation rent is payable for the time the Trustee actually occupies the premises. If the Trustee does not actually occupy the premises it is not