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Updated over 8 years ago on . Most recent reply

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524
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Gulliver R.
  • Rental Property Investor
  • Seattle, WA
148
Votes |
524
Posts

Rent Roll as Recourse

Gulliver R.
  • Rental Property Investor
  • Seattle, WA
Posted

This might result in an "it depends" or "consult an attorney", but here we go...

Is this statement true (and in particular in the state of Indiana if anybody knows from experience)?

The certified (and notarized) rent roll is often used in income-producing real estate rentals (i.e., apartments, mobile home parks, etc.). If a buyer, in reliance on the rent roll, closes escrow and then discovers the rent roll was incorrect, buyer’s recourse is to sue seller for breach of contract.

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