Since most commercial property sales are done on an “as-is” basis (with minimal or no representations and warranties), conducting proper due diligence is very important to buyers.
There are many elements within the due diligence process, including obtaining new third-party inspection reports and a title report, this checklist focuses on information that buyers attempt to obtain from sellers.
This checklist is a starting point with items that can be reviewed and discussed with your commercial real estate agent.
Start With The Basics
Our real estate professionals will provide you with expertise every step of the way from offer to closing.
To determine the potential title issues and ensure the property is registered to the Seller
A real property report (RPR) illustrates the location of significant visible improvements relative to property boundaries.
To ensure of a property’s environmental compliance
To ensure that zoning is what the buyer requires
The buyer will want access to financials when a business is being purchased.