Commercial Real Estate Takeover Checklist

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

 

Commercial Real Estate Take Over Checklist Infographic

 

 

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