Key considerations when selling a rent roll

When selling your rent roll, you might want to take a few things into consideration

Financials. Often overlooked and generally required during due diligence by bank or accountant
Health Check. It is ideal to complete a health check prior to selling
NDA’s or confidentiality agreements signed as information on acquisition is sensitive and should be treated so
Ensuring all properties have management agreements and there are assignment clauses in place
Having a strong team around you i.e.; bank on board with finance, legal and accounting support/advice
Due diligence on rent roll acquisition
Special clauses including restraint of trade, retention, finance and due diligence
Ensuring all properties have management agreements and assignment clauses
Retaining staff where possible, minimising change and therefore attrition