A rent roll is a list of every unit in a multifamily property with current tenant, rent amount, lease term, and related tenancy details. It is the foundational document in any LA multifamily sale.
A proper rent roll includes: unit number, tenant name, monthly rent, lease start date, lease end date, security deposit on file, and any RSO registration details. It should tie to actual cash collection (tenant ledgers) and to operating statements. Discrepancies flag credibility issues. For pre-1978 LA City RSO buildings, the rent roll should also include rent registration history with LAHD — showing what rents have been registered and any prior increases.
Buyers in 2026 reconcile rent rolls against tax returns, bank deposits, and LAHD registration data. A clean rent roll that reconciles cleanly closes at tighter cap rates than a rent roll with unexplained variances. Document everything before listing.
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