Legal update
SIREG & Simple Investor Legal Update for Ontario Owners — September 30, 2026
Paul J. Rouillard reads the independent legal memorandum prepared for OLH Property Management by an independent Ontario law firm — on the CMRAO action against SIREG and SIREG’s Notice of Intention under the Bankruptcy and Insolvency Act. Watch it, then share it with every owner you know.
Share this with every owner you know
Read the complete memorandum
The signed memorandum — all 4 pages, exactly as issued by the law firm, published with its permission and the disclaimer above.
What the memorandum covers
It is the law firm’s memorandum — not OLH’s own legal opinion. In the video, Paul reads from it. According to the memorandum:
- The CMRAO action. It describes the suspension of SIREG’s condominium management provider licence and the notice of proposed revocation.
- SIREG’s BIA Notice of Intention. It explains the automatic stay of proceedings and the rules about ending contracts after that filing.
- Termination and service steps. It sets out the steps it advises, including a written notice and service on SIREG and the Licensed Insolvency Trustee, with proof.
- Trust claims. It states that rent collected by an agent for an owner is trust property, and explains claims and accountings.
- Tenant contact. It states when owners may communicate directly with their tenants.
- Records, keys and deposits. It lists what to request from SIREG and the trustee.
- OLH’s limits. It sets out what OLH may and may not do before and after an owner completes termination.
- Precautions. It notes that the Residential Tenancies Act remains in effect and urges careful records.
Every situation is different. This is general information, not legal advice. Please speak with your own lawyer about your agreement — the Law Society Referral Service can help you find one.