Should a buyer get an inventory list of furniture included when buying a furnished rental property in Ontario?
Yes. Verbal assumptions about which furniture and items are included in a furnished rental sale are a common source of dispute after closing, since what a buyer remembers being told and what a seller intended to include can easily diverge once the property actually changes hands. A written inventory identifying exactly which pieces of furniture and which appliances are included removes the guesswork and gives both sides something concrete to refer back to.
This inventory should be referenced directly in the Agreement of Purchase and Sale itself, rather than existing only as a separate, informal list that was exchanged at some point during negotiations, since the agreement is what actually governs the transaction if a disagreement arises later. Beyond simply listing what is included, noting the general condition of key items at the time of the agreement can also help if a dispute arises about whether something was removed, damaged, or substituted before closing. Ask your lawyer to make sure the inventory is properly incorporated into your purchase documents rather than left as a loose attachment.
Key takeaways
- Verbal assumptions about included furniture are a common source of post-closing disputes.
- A written inventory of included items gives both sides something concrete to rely on.
- The inventory should be referenced directly in the Agreement of Purchase and Sale, not left informal.
- Noting item condition at the time of agreement also helps if a later dispute arises.