Tenant in arrears - Eviction process
I'm the landlord of a rental unit that I recently leased to a tenant on November 1st 2018 on a 1 year term.
The tenant has since been flopping on payments. The December 1st 2018 payment was EFT but was quickly rectified 2 days later by the tenant (new cashable cheque). I didn't think much about it until it happened again on January 1st.
I gave the tenant an opportunity to rectify the situation but the situation still lingers. The tenant has been communicative but unable to come up with the funds, citing payment issues from clients etc.
Around mid January, after losing faith that the tenant would rectify the situation I filed an N4 Notice - Notice to End a Tenancy Early for Non-payment of Rent. The termination date is today and no payment has been provided and the February 1st payment has now also been missed. I have reached out to the tenant today but haven't heard anything back.
My next step is to prepare the L1 Application to Evict a Tenant for Non-payment of Rent and to Collect Rent the Tenant Owes form for the board to take over.
In my time as a landlord I have never experienced this. I expected this from maybe a student, but this is a lawyer with his own practice, always dressed to the nines, not someone who would seemingly become bankrupt overnight.
Am I following the best route here? Does anyone have any experience in these matters? Also, what are my prospects of even collecting the rent owing?