What is the purpose of a rent roll?

The purpose of a rent roll is to list all tenants and key details of their leases. A rent roll acts as a vital document for property managers and landlords, providing an organized overview of the property's rental income. This document typically includes information such as tenant names, lease dates, rental amounts, payment status, and the terms of each lease agreement.

Having such detailed information readily available allows landlords and property managers to effectively track occupancy rates, manage tenant relations, and plan for future lease renewals or adjustments. This is essential for maintaining the financial health of the property and ensuring that rental operations run smoothly.

The other options serve different functions that do not align with the primary role of a rent roll. For instance, documenting the legal obligations of a landlord relates more to lease agreements than to the rent roll itself. Financial reports and operating budgets are broader financial assessments, which do not specifically provide a tenant-focused overview like the rent roll does.