A rent roll exchange involves what’s known as a ‘retention’ period. This is the months after completion and before the price is finalised (settlement). This is one part of a rent roll transaction where the details really matter.

Overlooking the correct way to process assignment letters or failing to have them issued within the required timeframe means your rent roll is potentially at risk of being voided.

Whether you are doing it to free up cash, change direction or prepare to exit your business, selling a rent roll is a big milestone for your agency.  Make sure you’re not making costly mistakes.

The early efforts you and your legal team put in to create a term sheet or Heads of Agreement will help to ensure a smoother rent roll exchange.