{"id":9351,"date":"2022-10-13T15:37:20","date_gmt":"2022-10-13T19:37:20","guid":{"rendered":"https:\/\/360mediations.com\/en\/?p=9351"},"modified":"2022-10-13T15:37:25","modified_gmt":"2022-10-13T19:37:25","slug":"commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination","status":"publish","type":"post","link":"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/","title":{"rendered":"Commercial Landlords Need to be Careful with a Tenant\u2019s Chattel Mortgaged Property Following Lease Termination"},"content":{"rendered":"\n<p>In brief, this recent Court of Appeal decision confirms that a commercial landlord who takes (and disposes of) a tenant\u2019s chattel mortgaged equipment after the tenant abandoned the premises, must pay the Chattel Mortgagee market value for that property, and not the amount the tenant owed to the Chattel Mortgagee.\u00a0 In this case, this was not a trivial difference: the Chattel Morgagee was owed roughly $120,000, and the market value of that pledged property was roughly $215,000.\u00a0<\/p>\n<p>In addition, the appellate court also considered it appropriate to award $10,000.00 in punitive damages against the landlord for knowingly either disposing of, or repurposing, the equipment despite the Chattel Mortgagee attending shortly after the tenant vacated the premises, to stake claim to that mortgaged restaurant equipment formally secured through a PPSA.<\/p>\n<p>The appellate court rejected of all the landlord\u2019s grounds of appeal based on the argument that ownership of the equipment transferred to the landlord after the Chattel Mortgagee failed to pick-up the equipment, because this argument was never raised during the trial: it was a new allegation, first raised at the appeal, and no leave was sought to add this ground of appeal.\u00a0<\/p>\n<p><strong><em>1027410 Ontario Inc. v. 2384589 Ontario Limited<\/em><\/strong>, 2022 ONCA 688 (CanLII)<\/p>\n<p><a href=\"https:\/\/www.canlii.org\/en\/on\/onca\/doc\/2022\/2022onca688\/2022onca688.html\">https:\/\/www.canlii.org\/en\/on\/onca\/doc\/2022\/2022onca688\/2022onca688.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In brief, this recent Court of Appeal decision confirms that a commercial landlord who takes (and disposes of) a tenant\u2019s chattel mortgaged equipment after the tenant abandoned the premises, must pay the Chattel Mortgagee market value for that property, and not the amount the tenant owed to the Chattel Mortgagee.\u00a0 In this case, this was&hellip; <a class=\"more-link\" href=\"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/\">Continue reading <span class=\"screen-reader-text\">Commercial Landlords Need to be Careful with a Tenant\u2019s Chattel Mortgaged Property Following Lease Termination<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[150,17,130],"tags":[],"class_list":["post-9351","post","type-post","status-publish","format-standard","hentry","category-contract-law","category-damages","category-landlord-and-tenant","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Commercial Landlords Need to be Careful with a Tenant\u2019s Chattel Mortgaged Property Following Lease Termination - 360Mediations<\/title>\n<meta name=\"description\" content=\"Unless the Chattel Mortgagee abandons the property, they will receive fair market value for any of the pledged assets converted by the commercial landlord.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commercial Landlords Need to be Careful with a Tenant\u2019s Chattel Mortgaged Property Following Lease Termination - 360Mediations\" \/>\n<meta property=\"og:description\" content=\"Unless the Chattel Mortgagee abandons the property, they will receive fair market value for any of the pledged assets converted by the commercial landlord.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/\" \/>\n<meta property=\"og:site_name\" content=\"360Mediations\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/360Mediations-120028596572318\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/360Mediations-120028596572318\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-13T19:37:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-13T19:37:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/mail.360mediations.com\/en\/wp-content\/uploads\/2022\/01\/COURT-DECISIONS-360MEDIATIONS-1x1-1.png?fit=406%2C322&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"406\" \/>\n\t<meta property=\"og:image:height\" content=\"322\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"David M. Jose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David M. Jose\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/\"},\"author\":{\"name\":\"David M. Jose\",\"@id\":\"https:\/\/360mediations.com\/en\/#\/schema\/person\/c347754b73cc5b9c07764e2b4051a0ff\"},\"headline\":\"Commercial Landlords Need to be Careful with a Tenant\u2019s Chattel Mortgaged Property Following Lease Termination\",\"datePublished\":\"2022-10-13T19:37:20+00:00\",\"dateModified\":\"2022-10-13T19:37:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/\"},\"wordCount\":225,\"publisher\":{\"@id\":\"https:\/\/360mediations.com\/en\/#organization\"},\"articleSection\":[\"Contract Law\",\"Damages\",\"Landlord and Tenant\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/\",\"url\":\"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/\",\"name\":\"Commercial Landlords Need to be Careful with a Tenant\u2019s Chattel Mortgaged Property Following Lease Termination - 360Mediations\",\"isPartOf\":{\"@id\":\"https:\/\/360mediations.com\/en\/#website\"},\"datePublished\":\"2022-10-13T19:37:20+00:00\",\"dateModified\":\"2022-10-13T19:37:25+00:00\",\"description\":\"Unless the Chattel Mortgagee abandons the property, they will receive fair market value for any of the pledged assets converted by the commercial landlord.\",\"breadcrumb\":{\"@id\":\"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/360mediations.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Landlords Need to be Careful with a Tenant\u2019s Chattel Mortgaged Property Following Lease Termination\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/360mediations.com\/en\/#website\",\"url\":\"https:\/\/360mediations.com\/en\/\",\"name\":\"360Mediations\",\"description\":\"David M. Jose - Taking your dispute full circle to resolution....\",\"publisher\":{\"@id\":\"https:\/\/360mediations.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/360mediations.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/360mediations.com\/en\/#organization\",\"name\":\"360Mediations\",\"url\":\"https:\/\/360mediations.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/360mediations.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/360mediations.com\/en\/wp-content\/uploads\/2019\/10\/360Mediations-Logo-Medium.png?fit=600%2C600&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/360mediations.com\/en\/wp-content\/uploads\/2019\/10\/360Mediations-Logo-Medium.png?fit=600%2C600&ssl=1\",\"width\":600,\"height\":600,\"caption\":\"360Mediations\"},\"image\":{\"@id\":\"https:\/\/360mediations.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/360Mediations-120028596572318\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/360mediations.com\/en\/#\/schema\/person\/c347754b73cc5b9c07764e2b4051a0ff\",\"name\":\"David M. Jose\",\"description\":\"Full time Mediator servicing the Province of Ontario.\",\"sameAs\":[\"https:\/\/www.facebook.com\/360Mediations-120028596572318\"],\"url\":\"https:\/\/mail.360mediations.com\/en\/author\/david-m-jose\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Commercial Landlords Need to be Careful with a Tenant\u2019s Chattel Mortgaged Property Following Lease Termination - 360Mediations","description":"Unless the Chattel Mortgagee abandons the property, they will receive fair market value for any of the pledged assets converted by the commercial landlord.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/","og_locale":"en_US","og_type":"article","og_title":"Commercial Landlords Need to be Careful with a Tenant\u2019s Chattel Mortgaged Property Following Lease Termination - 360Mediations","og_description":"Unless the Chattel Mortgagee abandons the property, they will receive fair market value for any of the pledged assets converted by the commercial landlord.","og_url":"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/","og_site_name":"360Mediations","article_publisher":"https:\/\/www.facebook.com\/360Mediations-120028596572318","article_author":"https:\/\/www.facebook.com\/360Mediations-120028596572318","article_published_time":"2022-10-13T19:37:20+00:00","article_modified_time":"2022-10-13T19:37:25+00:00","og_image":[{"width":406,"height":322,"url":"https:\/\/i0.wp.com\/mail.360mediations.com\/en\/wp-content\/uploads\/2022\/01\/COURT-DECISIONS-360MEDIATIONS-1x1-1.png?fit=406%2C322&ssl=1","type":"image\/png"}],"author":"David M. Jose","twitter_card":"summary_large_image","twitter_misc":{"Written by":"David M. Jose","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/#article","isPartOf":{"@id":"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/"},"author":{"name":"David M. Jose","@id":"https:\/\/360mediations.com\/en\/#\/schema\/person\/c347754b73cc5b9c07764e2b4051a0ff"},"headline":"Commercial Landlords Need to be Careful with a Tenant\u2019s Chattel Mortgaged Property Following Lease Termination","datePublished":"2022-10-13T19:37:20+00:00","dateModified":"2022-10-13T19:37:25+00:00","mainEntityOfPage":{"@id":"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/"},"wordCount":225,"publisher":{"@id":"https:\/\/360mediations.com\/en\/#organization"},"articleSection":["Contract Law","Damages","Landlord and Tenant"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/","url":"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/","name":"Commercial Landlords Need to be Careful with a Tenant\u2019s Chattel Mortgaged Property Following Lease Termination - 360Mediations","isPartOf":{"@id":"https:\/\/360mediations.com\/en\/#website"},"datePublished":"2022-10-13T19:37:20+00:00","dateModified":"2022-10-13T19:37:25+00:00","description":"Unless the Chattel Mortgagee abandons the property, they will receive fair market value for any of the pledged assets converted by the commercial landlord.","breadcrumb":{"@id":"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mail.360mediations.com\/en\/commercial-landlords-need-to-be-careful-with-a-tenants-chattel-mortgaged-property-following-lease-termination\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/360mediations.com\/en\/"},{"@type":"ListItem","position":2,"name":"Commercial Landlords Need to be Careful with a Tenant\u2019s Chattel Mortgaged Property Following Lease Termination"}]},{"@type":"WebSite","@id":"https:\/\/360mediations.com\/en\/#website","url":"https:\/\/360mediations.com\/en\/","name":"360Mediations","description":"David M. Jose - Taking your dispute full circle to resolution....","publisher":{"@id":"https:\/\/360mediations.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/360mediations.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/360mediations.com\/en\/#organization","name":"360Mediations","url":"https:\/\/360mediations.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/360mediations.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/360mediations.com\/en\/wp-content\/uploads\/2019\/10\/360Mediations-Logo-Medium.png?fit=600%2C600&ssl=1","contentUrl":"https:\/\/i0.wp.com\/360mediations.com\/en\/wp-content\/uploads\/2019\/10\/360Mediations-Logo-Medium.png?fit=600%2C600&ssl=1","width":600,"height":600,"caption":"360Mediations"},"image":{"@id":"https:\/\/360mediations.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/360Mediations-120028596572318"]},{"@type":"Person","@id":"https:\/\/360mediations.com\/en\/#\/schema\/person\/c347754b73cc5b9c07764e2b4051a0ff","name":"David M. Jose","description":"Full time Mediator servicing the Province of Ontario.","sameAs":["https:\/\/www.facebook.com\/360Mediations-120028596572318"],"url":"https:\/\/mail.360mediations.com\/en\/author\/david-m-jose\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mail.360mediations.com\/en\/wp-json\/wp\/v2\/posts\/9351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mail.360mediations.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mail.360mediations.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mail.360mediations.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mail.360mediations.com\/en\/wp-json\/wp\/v2\/comments?post=9351"}],"version-history":[{"count":2,"href":"https:\/\/mail.360mediations.com\/en\/wp-json\/wp\/v2\/posts\/9351\/revisions"}],"predecessor-version":[{"id":9353,"href":"https:\/\/mail.360mediations.com\/en\/wp-json\/wp\/v2\/posts\/9351\/revisions\/9353"}],"wp:attachment":[{"href":"https:\/\/mail.360mediations.com\/en\/wp-json\/wp\/v2\/media?parent=9351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mail.360mediations.com\/en\/wp-json\/wp\/v2\/categories?post=9351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mail.360mediations.com\/en\/wp-json\/wp\/v2\/tags?post=9351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}