Hi Hannah, Are You The Seller or The Sellers Agent?
Is it 1-4 units or more than 4 units?
Current Leases and Tenant Estoppels for each Tenant. Tenant Concessions Like On Site Part Time or Full Time Property Manager.
Financial Statements like Income & Expense, Cash Flow, Rent Roll, Rent Receivables, etc. At least 1 year but 2-3 years or more is better. Who Pays for What Utilities?
Personal Property Like Stoves, Refrigerators, Laundry, etc Who Owns Them?
Parking- If any, how many spaces?
Inspections: Property, Roof, Pest, Title Insurance (these can be obtained by the buyer)
If you Have a Recent Appraisal.
Current Business Licenses.Current Insurance, Zoning Compliance. State Geological Report, "Natural Hazard Disclosure" Statement and Government Booklets as required-The Geological Company can usually let you know which ones apply.
This Is Not A Complete List, There Are Additional Disclosures That A Seller Must Make.
Consider Professional Assistance for Further Guidance.
Jun 22, 2013