The primary factors in determining rent roll value include
Having last financial year set of accounts ready and available. Often this is a factor overlooked and mid due diligence it is required by buyer and buyer’s bank or accountant
Having a strong team around you ie; bank on board with finance, legal’s and accounting.
Completing strong due diligence on rent roll acquisition. In the vendor’s case this should be done prior to selling to ensure their book is clean and up to scratch
Clauses including restraint of trade, retention, finance and due diligence on formal offer are all important
Retaining staff where possible, particularly the property managers who hold key relationships with owner clients and will ensure attrition is minimised
NDA’s or confidentiality agreements signed prior to providing any information to potential buyers. Information on acquisition is sensitive and should be treated so
Ensuring all properties have management agreements and assignment clauses
