What Are the Risks to Tenants When Corporate & Investor Landlords Fail?

Owen Sound may be particularly vulnerable when it comes to large landlords miscalculating their leverage and risk.

A notice from the City of Owen Sound indicating that the owners of 261-281 9th St E (the buildings east of the Roxy and West of the old Post Office) must pay tax arrears to avoid a public sale raises questions about what happens to tenants when large landlords fail – and whether Owen Sound is prepared for the fallout.

For the first time in its history, t…