Owner's guide
If you own a condominium unit managed by SIREG Management Inc., you still own it. Your next steps are to read your agreement, collect your records, confirm your condo fees, insurance and property tax are current, and get independent legal advice before you end the agreement or ask your tenant to pay rent somewhere new.
This guide sets out those steps in order, with what the public reporting says so far and what Ontario law says about your tenant and your condominium corporation.
Last updated 2026-09-28. By A.J. Keilty, President, KEILTY Realty Management. This page is general information, not legal advice. Every owner's agreement is different, so speak with your own lawyer before you terminate an agreement or redirect rent. Questions: Hello@KEILTY.com or 613-545-3322.
According to CBC News and CP24, SIREG told the owners of units it manages in September 2026 that it is experiencing "market and liquidity challenges that are affecting our ability to make timely rental payments." Owners told CBC News that rent payments they expected on 2026-09-18 did not arrive. What follows is limited to what those two outlets reported, with the date of each report.
Sources: CBC News, 2026-09-23 and CP24, 2026-09-21, both read 2026-09-28.
Yes. If you bought a condominium unit, title is registered in your name, and a management agreement with SIREG or anyone else does not change that. CBC News reported that SIREG itself told owners their ownership "remains secure".
What needs protecting is not the title but everything attached to it: the rent, the tenant relationship, the condo fees, the insurance and the tax account. Four practical steps:
Possibly, but the answer is in your agreement, so read it before you act. Look for the term, the termination clause, the notice period, how notice must be delivered, and what happens to money, keys and records when it ends. Then get independent legal advice before you send anything.
One point matters more than usual here. Some arrangements that promised owners a set monthly payment are drafted differently from a standard management agreement, for example as a lease of the unit to the operating company, which then rents it to the occupant. If yours is drafted that way, the company rather than you may be the landlord named on the occupant's lease, and ending the arrangement is a different exercise with different consequences. A lawyer who reads your documents can tell you which kind you signed.
When you do give notice, do it in writing, exactly as the agreement requires, keep proof of delivery, and state the date you say the agreement ends. Ask in the same letter for the records listed in the next section.
Ask for everything a new manager, or you, would need to run the unit from the first day. Put the request in writing and ask for a date by which it will be delivered.
| Record | Why you need it |
|---|---|
| Signed lease and any renewals | Sets the rent, the term, the landlord's name and address for notices, and what is included |
| Tenant names and contact details | So you can send proper written notices and reach the tenant in an emergency |
| Rent ledger | Shows what was paid, when, and any arrears, so the next month starts from a known balance |
| Last month's rent deposit and interest record | The deposit belongs to the tenancy and must be applied to the last rental period |
| Keys, fobs, parking and mailbox access | Access for repairs, inspections and emergencies |
| Open maintenance items | Outstanding repair requests and any work already ordered |
| Money held for you | Rent collected and not paid out, deposits, and any float or reserve, with a written statement of the balance |
What a complete owner statement and rent ledger should look like is set out in our guide to property management financial reporting in Ontario.
You can rebuild most of the file from other sources. The main exception is money SIREG holds on your behalf, which is a matter for your lawyer.
Only after you have given proper notice under your agreement and taken legal advice on the timing. Your tenant has done nothing wrong and should never be pressured, rushed, or left unsure about where the rent goes.
When the time is right, one written notice is far better than several conversations. It should come from you as the owner, give your legal name and the address to be used for notices, say exactly where and how rent is to be paid and from which month, and give the tenant a way to confirm the change is genuine. If a new manager is taking over, the notice should say so and name them.
Avoid anything that could leave the tenant paying twice or paying no one. That includes unannounced visits, verbal instructions, and competing messages from different people. Frankly, a calm and well-documented handover protects your rent better than speed does.
Nothing changes for the tenant's rights. The tenancy continues on its existing terms, and changing who manages the unit on your behalf does not change the rent, the term, or the tenant's protections under the Residential Tenancies Act, 2006.
Ask your condominium corporation directly, in writing, whether the common expenses on your unit are paid up to date. Some owners told CBC News that the monthly fee they paid SIREG included their condominium fees, so do not assume they have been paid.
If there are arrears, the fastest way to protect the unit is usually to bring them current and then sort out with your lawyer who should have paid them.
Confirm both are in your name and current. CBC News reported that, under the model it described, owners were responsible for insurance and municipal taxes.
As of 2026-09-28, KEILTY has not found any public report of a receivership, bankruptcy proceeding or other court filing involving SIREG. Until one happens, there is nothing to act on beyond the steps above.
What to watch for: a written notice from a court-appointed receiver, a licensed insolvency trustee or a monitor, or a notice of a court proceeding naming the company. If you receive anything of that kind, keep it, note the date it arrived, read any instructions it gives about rent or deadlines, and send a copy to your lawyer before you act on it. The Office of the Superintendent of Bankruptcy offers a public insolvency name search that shows whether a Canadian insolvency filing exists.
SIREG Management Inc. converted fourteen apartment buildings in Brockville to condominiums, about 362 units in total. Brockville City Council granted final approval for 1-4 Balmoral Place on 2025-04-08, and for Cartier Court and Kensington Parkway on 2025-06-10.
| Addresses | Final approval |
|---|---|
| 1, 2, 3 and 4 Balmoral Place | 2025-04-08 |
| 4, 6, 8, 10, 12, 14 and 16 Cartier Court | 2025-06-10 |
| 1390, 1400 and 1410 Kensington Parkway | 2025-06-10 |
Sources: The Brockvilleist reports of the council decisions on 2025-04-08 and 2025-06-10, and of the 2024-07-23 council presentation (14 buildings, 362 units). Read 2026-09-28.
KEILTY manages individually owned rental units for their owners. We already manage 35 rental units across 12 addresses in Brockville, including individually owned condominium units, with local vendors in place. We manage the rental of your unit only. We do not manage condominium corporations and do not hold a condominium management licence.
How onboarding works once you and your lawyer are ready:
Our single-family and condo unit fees, exactly as listed on our single-family rental page:
| Service | Fee |
|---|---|
| Full Service management | $149 + HST / unit / month |
| Lease-Up, only if the unit needs a new tenant | 1 month's rent + HST |
| Lease renewal | 25% of one month's rent, when an existing resident signs a new fixed-term lease |
| Onboarding and property setup | $190 per owner bank account, plus $375 per property unit type, plus HST, one-time |
| Maintenance coordination | 10% of invoice |
| Operating float | Not a fee. The greater of $1,000 or one month's operating expenses, held in the trust account. It stays your money. |
A one-year agreement that renews automatically, and you can cancel at any point on 60 days written notice. How management fees are structured across Ontario is explained in our guide to property management fees in Ontario, and what a manager does day to day in our property management guide.
Yes. If you bought a condominium unit, title is registered in your name, and a management agreement does not transfer ownership. CBC News reported on 2026-09-23 that SIREG told owners their ownership remains secure. You can confirm title and anything registered against the unit by ordering the parcel register through ServiceOntario's OnLand service.
Read the term, termination and notice clauses in your agreement first, and get independent legal advice before giving notice. Some fixed-payment arrangements are drafted as a lease of the unit to the operating company rather than as a management agreement, which changes who the landlord on the tenant's lease is and how the arrangement ends. Give any notice in writing, exactly as the agreement requires, and keep proof of delivery.
The signed lease and renewals, tenant names and contact details, the rent ledger, the last month's rent deposit and interest record, keys and fobs, open maintenance items, and a written statement of any money held for you. Ask in writing and give a date for delivery.
Only after you have given proper notice under your agreement and taken legal advice on the timing. Then send one written notice from you as owner, with your legal name, the address for notices, exactly where and how to pay rent and from which month, and a way to confirm the change is genuine. The tenant should never be pressured or left unsure about where to pay.
No. The tenancy continues on its existing terms. Under section 37(1) of the Residential Tenancies Act, 2006, a tenancy may be terminated only in accordance with the Act, and section 106(10) requires a rent deposit paid to the landlord or a former landlord to be applied to the last rental period.
Under section 85 of the Condominium Act, 1998, unpaid common expenses give the condominium corporation a lien against the unit, which expires three months after the default unless the corporation registers a certificate of lien. Under section 87, the corporation may also require your tenant to pay it the lesser of the arrears and the rent due. Ask the corporation in writing whether your unit is paid up.
KEILTY manages the rental of individually owned units, including condominium units, and already manages 35 rental units across 12 addresses in Brockville with local vendors in place. KEILTY does not manage condominium corporations. Full Service management is $149 plus HST per unit per month, as listed on the KEILTY single-family rental page.
Start with a free rental evaluation. A.J. Keilty calls within 20 minutes in business hours (Monday to Friday, 8:30 to 5:30) or at 8:30 the next business day.
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