Upon filing a proposal, or between the date of the filing of a Notice of Intention to File a Proposal and the filing of the proposal, a commercial
Tenant Insolvency: Property on the Premises
The Courts have found that property on the premises includes only those goods and chattels capable of being located physically on the premises, in
Tenant Insolvency: Right to Retain, Assign or Disclaim Lease
The CTA provides that a Trustee has the right to assign the lease of a bankrupt to a third party. If the lease contains a covenant or condition that
Tenant Insolvency: Distress vs. Termination
Absent a stay of proceedings, the landlord retains the right to distrain against the goods on the premises or terminate the lease. These options are
Insolvency & Rental Property Management: Description of the Property
Ensure you have the correct property. Often the Court Order or appointment document contains the legal description of the property only. Check with
Insolvency & Rental Property Management: Vacancies
Verify the rent roll and inspect each vacant unit. Have the locks changed on all vacant areas to prevent unauthorized use and occupation.
Insolvency & Rental Property Management: Insurance
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