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
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: 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