Whether you buying a property business or a property portfolio, you are taking on an established business, its landlord relationships, contractual commitments, property portfolio, systems, processes, people and, potentially, a history of regulatory and compliance decisions.
Understanding exactly what you are acquiring before you commit is essential.
High turnover and outstanding profits mean nothing without compliance-driven systems, processes and a Compliant Property Portfolio
The regulatory landscape for letting agents continues to evolve, placing increasing demands on businesses to demonstrate that their procedures, records and day-to-day practices meet the required standards. A business may appear well organised on the surface, but that does not necessarily mean its underlying documentation, portfolio records or compliance procedures are as robust as they should be.
This is where we can help.
With our legal backgrounds and first-hand experience of owning, operating and successfully selling an independent specialist residential letting agency, we understand both sides of the acquisition process. We know what it takes to run a letting agency, the pressures on its directors and staff, and the importance of having the right evidence and documentation in place.
Our pre-acquisition due diligence services are designed to help you look beyond the information presented by the seller. We examine relevant agency documentation, portfolio records, compliance procedures and business practices to identify potential gaps, areas of concern and matters which may require further investigation or remedial work.
Our aim is to give you a clearer understanding of the business you are considering purchasing, helping you make informed decisions, assess potential costs and plan for the responsibilities that will follow completion.
We also recognise that purchasing a letting agency can be a demanding undertaking. You may already be running your own business, working full time within the industry or considering your first acquisition into the lettings market. Finding the time and having the specialist knowledge to undertake a thorough compliance review alongside the many other demands of an acquisition can be difficult.
We provide practical guidance and support throughout this process, helping you understand what needs attention and where further professional advice may be appropriate.
Our objective is simple: to help you buy with greater knowledge, clarity and confidence, and to start your ownership with a realistic understanding of the business you are taking on.
We can also assist you with The “Acquisition Due Diligence " stage of the buying process which covers such areas as:
Premises, HR, Financials (*), Contractors, Office contractors, Legal (*), IT, GDPR, Marketing. Litigation and disputes (*)
(*) limited to information gathering. All reviews and any advice need to be sought from your Accountants and Solicitors.
We can assist you to ensure that the information is received in a timely manner from the seller, reviewed from an operational aspect and advise you accordingly.
Enquire for a Buyers Prospectus today or schedule a call with Karen:
https://thehub-api.mastermind.com/widget/booking/la2EjIzeCFYliE81ztrB
