Rent Roll Certification Agreement

Rent Roll Certification Agreement

A Rent Roll Certification Agreement is a formal document used primarily in real estate and property management that provides a detailed account of rental income generated by a property. This agreement is often required during the sale or refinancing of commercial properties and is typically prepared by property managers or landlords to verify and certify the current status of rental agreements.

The Rent Roll Certification Agreement includes critical information such as tenant names, lease start and end dates, monthly rental amounts, security deposits, and any concessions or discounts provided to tenants. It serves as an essential tool for potential buyers, lenders, or investors to assess the income-generating potential of the property.

For example, if a commercial property is being sold, the buyer would request a Rent Roll Certification Agreement to ensure all tenants are accounted for and that the rental income is stable and predictable. This document helps mitigate risks associated with investment decisions, as it provides a clear picture of the property’s cash flow and occupancy rates.

In summary, the Rent Roll Certification Agreement is vital for transparency and due diligence in real estate transactions, ensuring all parties involved have a clear and certified understanding of the rental income and tenancy status of the property.