Security Deposits & Pre-Paid Rent: Treatment Upon Tenant's Bankruptcy In Canada
Jan 20, 2016 | Article
Written by Jamie Paquin and Brian Parker
(ICSC U.S. Shopping Center Legal Update, Spring Issue 2016)
Canadian landlords often require that tenants provide a deposit when entering into a lease. The deposit is intended to serve as a pool of money the landlord can draw on if the tenant breaches the lease. However, landlords may be surprised to learn that the tenant's other creditors may have a right to the deposit in priority to the landlord.
Read the full article Security Deposits Prepaid Rent- 2016