Source: Linda Plater (from WhatsApp)
[Draft]
August 16th (KSV/Chaitons):
- Provide DIP estimates / property (KSV).
- Provide draft purchase agreement for credit bid purposes (Chaitons).
- Provide ‘restructuring’ agreement for folks who don’t want to hold their own properties themselves or in a ‘Group Effort’.
Week of August 19th:
- another Town hall.
Week of August 30th:
- Court approved ‘restructuring’ term sheet including payments of DIP for your property (?).
September 3 (the credit bid process):
- Property status – estimated value, tenancy & rents paid/to be paid, contact tenant, access interior, establish property management fees post close.
- Engage lawyer – determine property’s legal status – liens, municipal work orders, property taxes, tenancy obligations, additional mortgages beyond own, closing date, close Olympia accounts and TFSA “lost” contribution room to be re-contributed after Jan. 2025.
- Pay DIP, legal fees & close on property.
- Engage local property manager.
Please chime in if more to consider/do.