Selling an unpaid-rent claim to GJQ: what landlords should verify

GJQ advertises the purchase of certain unpaid-rent and property-damage claims so it can handle recovery. The landlord receives an offer instead of waiting for full enforcement, but normally gives up part of the claim's potential value. Eligibility, net price, warranties, and personal-information transfer should all be checked before signing.

How is selling a claim different from hiring a collection agency?

A collection agency generally acts for the creditor and remits recovered funds according to its contract. In an assignment, the creditor instead transfers its rights to a purchaser for an agreed price. That price may be below the face balance because the buyer assumes delay, cost, possible insolvency, and failure risk.

What does Gestion Jugements Québec advertise for unpaid rent?

On its unpaid-rent page, Gestion Jugements Québec says it purchases certain rent and damage files, including cases where a tenant left during the lease. The company presents the offer as an assignment rather than a collection mandate given to an agency or bailiff.

What should be checked before assigning the debt?

Prepare the lease, ledger, departure or damage proof, invoices, TAL application, decision, and available notification or enforcement records. Then verify net price, fees, taxes, payment timing, required representations, validity and solvency warranties, repurchase clauses, confidentiality, and how the debtor will be notified of assignment.