201905.28

A Guide to Buying or Selling a Rent Roll

The sale or purchase of a rent roll involves different considerations to many other types of businesses due to the nature of the assets being sold and the way rent rolls are valued. 1. Valuing a Rent Roll The value of a rent roll is usually determined by applying a multiplier to the annual management…

201902.20

Fake News: False, Misleading or Deceptive Statements in Business Sales

The making of inaccurate, misleading or deceptive statements or representations by vendors (and their agents) in the context of business sale transactions can give rise to different rights and remedies for aggrieved purchasers under legislation and the common law. Whilst the cause of action relied upon by a disgruntled purchaser will depend upon a range…

201501.14

Small Sales, Big Risks for Business Brokers

The failure of a vendor or a vendor’s agent to comply with the disclosure requirements under the Estate Agents Act 1980 (Act) when selling a small business in Victoria can result in penalties, lost sales and potential claims by disgruntled vendors. Section 52 of the Act imposes an obligation on a vendor and their agent…