What extra issues come up when buying a furnished student rental property in Ontario?

Beyond the usual tenanted-property considerations, a furnished student rental raises a few specific questions worth confirming before closing: whether the furniture and appliances actually belong to the landlord and are included in the sale, or whether some items belong to the tenants themselves, and what condition they are in given that student rentals often see higher wear and tear than an owner-occupied home.

It is also common for student rentals to involve multiple tenants under one lease, or in some cases several separate leases for the same unit, which changes how the tenancy actually works and how many separate relationships you would be managing as the new landlord. Get a clear, written inventory of what is included in the sale, review however the lease or leases are actually structured, and confirm the unit's occupancy is consistent with what the property is legally permitted to house under its zoning, since student rentals can sometimes involve occupancy levels that exceed what a property was approved for. Addressing these specifics before waiving conditions avoids assumptions that do not hold up after closing.