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Rent Roll Audit Checklist
Tenant Information Verification
Confirm tenant names match lease agreements
Verify the lease start and end dates for each tenant
Check for proper documentation of tenant contact information
Financial Accuracy Assessment
Review and match rent amounts with lease agreements
Ensure security deposits are recorded and match lease terms
Cross-verify outstanding balances with tenant payment histories
Lease Term Consistency
Compare lease terms with rent roll terms for discrepancies
Confirm expiration dates and option renewals are accurately recorded
Audit for proper recording of lease amendments or addendums
Unit and Property Details
Match unit numbers and property addresses with leases
Inspect for correct categorization of unit types and sizes
Ensure the status of each unit (occupied, vacant, under repair) is current
Compliance and Legal Check
Check for adherence to local rent control regulations
Ensure compliance with fair housing and anti-discrimination laws
Review for proper handling and documentation of late fees and penalties
Ancillary Income and Concessions
Verify accuracy of recorded ancillary income such as parking or storage fees
Audit any rental concessions to ensure they are applied as per the lease terms
Ensure pet fees/deposits are correctly documented and applied
