4/27/2023 0 Comments Tenant default letterYou must give the tenant notice in writing of the breach. L.7 will regulate.ĭistress: Before a landlord can distress the property, a few conditions will need to be satisfied. Whatever the lease does not cover the Commercial Tenancies Act, R.S.O. Remember the lease is your blueprint on how to proceed and if you have a loose lease you may have limited options. A forfeiture occurs when you change the locks and terminate the lease. Ok what does this mean? A distress is when you enter the premises take control change the locks and seize all of the Tenant’s goods on the premises. Your mortgage company wants its payment what can you do? The real question is a decision between distress and forfeiture. You try to speak to the tenant, communication breaks down, and you are owed money. Suddenly, two years go by, and then cheques start to bounce. His credit checked out, he did improvements and all is good. You have signed a 5 year lease with a new tenant.
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