Bankruptcy and Foreclosure Policy: Residential Tenancies

The Bankruptcy and Foreclosure Policy (Policy 5) outlines how a tenant is protected if a landlord goes bankrupt or the property goes into foreclosure.

This policy states that the bankruptcy of the landlord does not immediately affect the right of the tenants to stay in their units.

Information includes:

• how the tenant is protected if the landlord goes bankrupt
• when the tenant has to move out if the property goes into foreclosure
• what happens to security deposits
• how disputes about the bankruptcy are handled