Flooding of Rental Property - Alberta

E

Inspired Forum Member
REIN Member
Aug 2, 2015
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#1
There was a flood in Alberta due to a rainstorm.

I have a property out there that was generating rental income.

All the ground units were flooded 4-6 inches.

Some of the water came from underneath the ground, and some of came from overground flooding.

The lease had to be broken with 4 tenants on the ground floor as they could no longer live there.

There's extensive damage. The building does have insurance.

I would really appreciate any advice or suggestions on how to proceed.