Sale of Rent Roll is designed for use by Real Estate Agents when selling a rent roll.

Includes a full Contract for Sale of Business plus a set of special conditions specific to the sale of a rent roll.2

This Contract for Sale of Business is a straightforward and elegant alternative to the Law Society of New South Wales Contract for Sale of Business.

Sale of Rent Roll Agreement (Australia)

About This Agreement

A Sale of Rent Roll Agreement is used when transferring the management of rental properties from one business to another. It sets out the obligations of the vendor, purchaser, and guarantors, ensuring that income, expenses, and client relationships are transferred smoothly and legally.

This agreement includes conditions relating to payments, adjustments, handover of records, and the drafting of new management agreements with lessors.

Key Features

• Guarantors agree to guarantee the purchaser’s obligations

• Payment structure: 10% deposit, 70% on completion, 20% held in trust pending adjustments

• Purchaser entitled to income and responsible for expenses from completion

• Purchaser to draft and arrange new rental management agreements

• Vendor to notify lessors and hand over all relevant records, leases, and funds on completion

• Adjustment of purchase price 90 days after completion if properties are lost from the rent roll

• Purchaser covenants to meet professional management standards

• Commission sale provisions and restrictions included

• Guarantor liability and interest on late payments

• Dispute resolution through the Real Estate Institute