Landlord Insolvency: Priority over Tenants

The appointment of a Receiver over a landlord will usually place the Receiver in the same position as the landlord with respect to leases which are in effect at the time. Therefore, all powers which the landlord may have remain in effect.  As well, there may be certain obligations that the Receiver will inherit in order to satisfy the landlords’ obligations to the tenants.

This post is a continuation of our series on Landlord Tenant Issues in Insolvency