Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . presented by

User Stats

69
Posts
11
Votes
Chris O.
11
Votes |
69
Posts

Canada Specific - Tenant declaring bankruptcy - effect on rent?

Chris O.
Posted

I am starting a new lease with a tenant that is likely to declare bankruptcy on a underwater mortgage and consumer debt. That discussion aside, where does monthly rent fall in the equation? I know the security deposit is a bit murky, but if we were to start rent in Sept and declare bankruptcy in Nov for instance, does he have to continue paying monthly rent, or is there something where he could avoid eviction without paying? I am not concerned that he could suddenly vacate the premise prior to end of lease (I can just rent out again) - I am concerned he could stay there for half a year for free and there's nothing I can do about it.