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: Recommendations
As a matter of practicality and with the concurrence of the lender, it is good practice for the Receiver to honor the deposits for a variety of
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
Tenant Insolvency: Chattel or Fixture
Whether a particular item is a chattel or fixture is often the subject of disputes between landlords and Trustees. A Trustee or Receiver will consider
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
Landlord Insolvency: Lease Renewals
Generally the security agreement or Court Order will allow the Receiver to renew leases. If the power is not specifically provided for the Receiver