A Due Diligence Checklist is an organized list of topics that will help you understand the assets/property you are acquiring through a merger or sale. If you have questions about any aspects of due diligence contact Ullian Realty in Melbourne, FL. Ullian Realty brokers will explain how to achieve every aspect of a real estate takeover.
Commercial Real Estate Takeover Checklist:
Building Plans and Reports
- Building plans and square footage
- Review safety inspections
- Capital improvements to the commercial property
- Building Permits, Outstanding Liens
- Environmental Reports
- Property Condition Report
- Zoning confirmation
- Title Policy
- Leases, if any
Obtain Previous Records and Expenses
- Inspect financial statements
- Utility bills
- Rent roll
- Security deposit
- Real estate taxes
- Past real estate transactions
- Insurance
Administration and Management
- Business licenses and permits
- Property manager’s responsibilities
- Management process
- Contact with tenants
- Leasing and Marketing Information

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