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Due Diligence Checklists - Commercial Property Advisors

Copyright Peter Harris Commercial Property Advisors , Inc 2015 Due Diligence Checklists Let s look at due Diligence as a process and as a flow of getting tasks done. Splitting it up into three categories will make it a lot easier to follow and keep track of. The three categories are: PHYSICAL, FINANCIAL, and LEGAL. A checklist for each category has been developed. Physical due Diligence this involves physically stepping onto the grounds and interior of the Property . Much like a home inspection , you ll be checking the integrity of the exterior, interior, structure, electrical, plumbing, and heating. You ll also be conducting a rent survey for marketing purposes. Financial due Diligence you ll verify all of the financials that were given, shown, and shared with you.

Schedule/Review Physical Inspection Report Get previous appraisals, if any Schedule/Review Termite Inspection – if needed Review Property Management Contract Police Reports/Reputation of Property Go to ApartmentRatings.com and ApartmentReviews.net to check upon what dissatisfied tenants are saying about the property and mgmt.

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