Are you considering investing in rental property that is near a university? Keep in mind that while there will be a great demand for housing; many of those looking are students. While some university students are very responsible, there may be others that remind you of that movie “Animal House,” where everything that can go wrong in a property very messily does so. Just do the proper screening and lay down some basic rules and the chances of your unit becoming an out-of-control party central decreases dramatically.
In the United States, students are usually offered one-year leases. In Canada, where the norm has been to follow the school term and offer eight-month leases, there appears to be a change afoot. The year leases are