Sale of Rent Roll
Agreement for 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.
The sale of a rent roll involves different considerations to the sale of many other types of businesses due to the nature of the assets and goodwill being sold. The value of a rent roll is usually determined by a formula which is a multiplier of the yearly management fee.
Contract for Sale of Business
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.
There are no parts of the Contract that are locked for editing. Covers the following essential items:
- Definitions & Interpretation
- Key Person and guarantor
- Sale and purchase
- Price
- Finance
- GST
- Title and risk
- Continuation of business
- Work orders
Vendor assistance - Access to records and copies
- Completion
- Stock
- Adjustments
- Creditors
- Debtors
- Transfer of premises lease
- New lease
Transfer of franchise - Lease and hire agreements
- Business agreements and arrangements
- Employees
- Superannuation
- Restraint
- Vendor Warranties
- Warranties of the purchaser
- Limits on warranties
- Notice to complete
- Guarantees
- Termination of contract
- Disputes
- General Provisions
- List of Annexures
21 pages long. Buy it once use it as many times as you like.
This is general information and not legal advice given by Precedents Online or its Authors
Let’s start by looking at what is a rent roll ? Basically, it’s the property management or rental division of a real estate office that deals directly with prospects and tenants, collecting rent, handling maintenance and repair issues, responding to tenant complaints, and even pursuing eviction
