For many, the filing of a Bankruptcy is the unintended consequence of an unavoidable stressful life event; the loss of a job, illness, divorce and the like. The thought of appearing in a courtroom and speaking about those problems added to the existing strain is enough to induce nausea!
Rental Condo damage
I have a rental condominium. I have a real estate manager who manages the condominium. Our rentee left the faucet water open and the apartments below got flooded. The damage has not been estimated yet but maybe a couple of thousand. Also, it turns out that our apartment was being sub leased. My rental insurance company says that I would have to file a claim first with the rental condominium and then if there is a deductible, I can claim from my rental insurance company. So my questions are: 1. What should be my next step - Should I contact the condo insurance and let them know. 2. What should I do about the original renter 3. What should I do with the new renter that the condo was subleased to 4. Who is responsible for the damages to the neighbour condos 5. Also should I go to the rental property and take charge or leave it to my management company. 6. What are the legal ramfications of this.