Do you need a rent roll template for a commercial property? The PropertyMetrics team has gathered several free and helpful resources for commercial real estate professionals. Please feel free to download and use the following rent roll template:
A rent roll is a critical document for real estate investors and property managers. It provides a comprehensive overview of rental income and tenants in a property, including information on lease terms, rental rates, and occupancy status. A well-organized and accurate rent roll is essential for making informed decisions about a property’s financial performance, as well as for managing day-to-day operations.
Our rent roll template is designed to meet the needs of both apartment or multifamily properties and commercial properties. It includes a comprehensive set of sections that provide a detailed view of the rental income and tenants in a property.
Sections Included in the Rent Roll Template
The rent roll template includes the following sections:
Suite Number
The suite number section provides a unique identifier for each unit in the property. This section is particularly useful for apartment or multifamily properties where there are multiple units in the building.
Tenant Name
The tenant name section provides the name of the tenant occupying each unit in the property. This section is critical for tracking the occupancy status of each unit and for managing tenant relationships.
Size in Square Feet and Percentage of Net Rentable Square Feet
The size in square feet section provides the size of each unit in the property. The size in percent of net rentable square feet section provides the proportion of the unit’s size relative to the total net rentable square feet of the property. This section is useful for understanding the relative size of each unit and for determining the potential rental income from each unit.
Annual Rent, Base Rent per Square Foot, and Rent as a Percentage of Total Rent
The annual rent section provides the total rental income for each unit in the property. The base rent per square foot section provides the average rental rate for each unit in the property. The rent as a percentage of total rent section provides the proportion of rental income from each unit relative to the total rental income for the property. This section is critical for understanding the financial performance of the property and for making informed investment decisions.
Lease Type, Start and End Dates, and Term in Months
The lease type section provides the type of lease agreement for each unit in the property. The lease start or commence date section provides the start date of the lease agreement. The lease end or expiration date section provides the end date of the lease agreement. The lease term in months section provides the duration of the lease agreement in months. This section is critical for tracking the occupancy status of each unit and for managing lease agreements.
Renewal Options and Lease Notes
The renewal options section provides information on the renewal options available for each lease agreement. The lease notes section provides additional information on each lease agreement, such as special conditions or provisions. This section is useful for tracking important information about each lease agreement and for managing tenant relationships.
Tenant Category
The tenant category section provides a way to categorize tenants in the property. This section is useful for tracking the types of tenants in the property and for making informed investment decisions.
Conclusion
A rent roll is a critical document for real estate investors and property managers. Our rent roll template provides a comprehensive and user-friendly solution for managing rental income and tenants in a property. With its detailed sections, formulas, and calculations, this template makes it easier to understand the financial performance of a property and make informed investment decisions. Whether you’re managing apartment or multifamily properties or commercial properties, our rent roll template provides a solid foundation for your rental income management.