Strata Tip #79: Getting ready to sell – Update your Appointments

Whether you update your letting appointments (POA Form 6’s) with your owners regularly or not, grab them all out, check that they are in the correct form, check that they’re properly executed and that there are otherwise no “issues” with them.  Each letting appointment represents a portion of the profit of your business. That is what the buyer is paying for.  During verification of the financial records, or due diligence, if your buyer finds out of date or unenforceable letting appointments they will raise them.