Buying a rent roll is a big decision whether you are already running an agency and want to expand and grow your business, or you are just starting out. Whilst there are similar issues to buying a real estate agency, there are some very specific issues that require particular attention when you purchase a rent roll, including:
- the multiplier;
- the retention – what time period and what percentage; and
- the restraint of trade – what is realistic;
- document examination;
- managing the transfer of managements.
There are many unique issues with the purchase of rent roll business and the buyer and seller should seek the advice of a specialist business lawyer prior to signing a contract to ensure that the contract includes all special conditions necessary to protect their interests and meet the terms that you have negotiated. Sargent Baldwin Lawyers have assisted many buyers and seller achieve successful outcomes in the sale and purchase of rent roll businesses.
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