We live in a rented house (just moved in 2 months ago) which we pay 1600/month for (it's shared). We're on a 1 year lease with no consequences for breaking the leave with 30 days notice. We live in Ontario. The bills and stuff are delivered to our house even though the landlord doesn't live here, and we've been seeing notices for unpaid mortgage and 3rd or final warning for unpaid utilities like hydro (we don't open them but we can tell what they are a lot of the time). What happens to us if the landlord does not pay mortgage? The house will go to the bank, but are we simply transferred along with the house, to be taken over by the new landlord? (the bank. ). Also, what happens if the landlord doesn't pay utilities and our hydro, heat, or hot water gets cut off? It will be winter in a few months, and if our hydro gets turned off, I doubt we'd be able to get it sorted out before it got unlivably cold. Even if it does mean we had to pay the bill ourselves (or part of it).
We really like the house, as its huge, perfect location, right price, perfect everything, so we really don't want to move. Should we just trust the landlord is paying the bills (maybe by direct deposit or something?) or should we ask him whats up. I don't wanna have to find a motel at 1am some morning because we have no power.
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