Partners should usually have formulated a plan before the property has been purchased for what they wish to do with a property when the renovation has been completed. Even if this involves making a decision dependent on the sales or rental valuations after the renovation, these levels will be considered among investors before the project has begun and terms will be reflected in a Deed of Trust which will be signed by all partners before the project begins. This will help to avoid any potential conflicts between partners in the event that there is disagreement about the preferred course of action.

Where there is any doubt, the decision to sell or rent a property should be influenced by:

• Sales market conditions (sales valuation)
• Motivation of buyers (buyer’s/seller’s market)
• Rental market conditions (rental valuation)
• Demand for rented accommodation