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    Purchaser Due Diligence Checklist PDF

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    sdagnihotri
    This document provides a sample due diligence checklist for an investor acquiring a retail or office property. It outlines preliminary property information, tasks for due diligence review including acquisition, financing, tenant information, physical inspections, and financial review. Responsible parties and deadlines are assigned for completing each task prior to closing. The checklist can be modified depending on the specific property and issues.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Purchaser Due Diligence Checklist PDF

    Uploaded by

    sdagnihotri
    339 views5 pages
    This document provides a sample due diligence checklist for an investor acquiring a retail or office property. It outlines preliminary property information, tasks for due diligence review including acquisition, financing, tenant information, physical inspections, and financial review. Responsible parties and deadlines are assigned for completing each task prior to closing. The checklist can be modified depending on the specific property and issues.

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    Purchaser-Due-Diligence-Checklist.pdf

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    This document provides a sample due diligence checklist for an investor acquiring a retail or office property. It outlines preliminary property information, tasks for due diligence review including acquisition, financing, tenant information, physical inspections, and financial review. Responsible parties and deadlines are assigned for completing each task prior to closing. The checklist can be modified depending on the specific property and issues.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    339 views5 pages

    Purchaser Due Diligence Checklist PDF

    Uploaded by

    sdagnihotri
    This document provides a sample due diligence checklist for an investor acquiring a retail or office property. It outlines preliminary property information, tasks for due diligence review including acquisition, financing, tenant information, physical inspections, and financial review. Responsible parties and deadlines are assigned for completing each task prior to closing. The checklist can be modified depending on the specific property and issues.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    PROPERTY PURCHASE DUE DILIGENCE CHECKLIST

    The following is a sample of a due diligence checklist that an investor may use in
    connection with the acquisition of a retail or office property. Please note that this is not a
    closing agenda and does not reflect all of the documents necessary for completion of the
    acquisition.
    Note that the investor should review this checklist shortly after execution of the Purchase
    Agreement and assign the various review tasks to people within its organization or to third-
    party contractors engaged to complete some or all of the review. As well, the “Date
    Required” column should be completed and adhered to, so as to ensure that the reviews
    are completed prior to the condition removal dates contained within the Purchase
    Agreement.
    As well, the list of reports listed under the heading “Physical Information – Obtain / review
    third party reports” can be expanded depending on the nature of the property and the issues
    that it faces. The same can be said for the list of items under “Financial Review”, which
    again can be modified and expanded depending on the nature of the property and the type
    of information available from the owner and property manager.
    Finally, note that this same checklist can be used for an industrial or apartment property,
    although the nature of the financial information available may be different.
    PRELIMINARY INFORMATION
    Property name:
    Address:
    Age:
    Total sq. ft.:
    Leasable sq. ft.:
    No. of parking stalls:
    No. of buildings:
    No. of acres:
    No. of floors:
    Construction: Type
    Condition
    Roof: Type
    Age / Condition
    Current zoning:

    Purchaser Due Diligence Checklist.doc


    -2-

    DUE DILIGENCE REVIEW


    ITEM DATE RESPONSIBLE COMPLETE / STATUS
    REQUIRED PERSON DATE
    ACQUISITION
    Purchase Agreement
    Inspection Condition
    Removal
    Financing Condition
    Removal
    Closing Date

    FINANCING
    Loan Application
    Commitment Letter
    Review of current
    mortgage docs (if
    being assumed)
    Confirmation of
    mortgage balance (if
    being assumed)

    TENANT
    INFORMATION
    Review tenant
    schedule
    Review standard
    lease form
    Review marketing
    material
    Market lease rate
    survey

    FINANCIAL REVIEW
    Review property rent
    roll (past 12 mos)
    Review and audit
    leases, amendments,
    modifications
    Confirm security
    deposits

    Purchaser Due Diligence Checklist.doc


    -3-

    ITEM DATE RESPONSIBLE COMPLETE / STATUS


    REQUIRED PERSON DATE
    Review historical
    operating statements
    and expense
    recoveries
    Review current budget
    Review historical
    tenant improvement
    allowances
    Review most recent
    property appraisal
    Review tenant billings
    (12 mos)
    Review current or
    future lease
    concessions
    Review current and
    past two year’s capital
    budget
    Review current and
    past two year’s
    promotion fund
    operations
    Review replacement
    reserve budget

    PHYSICAL
    INFORMATION
    Obtain / review third
    party reports:
    a) Structural/Physical
    b) Mechanical
    c) Environmental
    d) Soils
    e) Parking /
    Landscaping
    Review as-built
    drawings
    Review site and area
    plans

    Purchaser Due Diligence Checklist.doc


    -4-

    ITEM DATE RESPONSIBLE COMPLETE / STATUS


    REQUIRED PERSON DATE
    Review survey plans
    of tenant premises,
    vacancies and
    common areas
    Review historical
    capital repairs

    PUBLIC REGISTRY
    SEARCH
    [See legal due
    diligence checklist]

    PERSONAL
    PROPERTY
    Inventory and
    determine value of
    personal property

    SERVICE
    CONTRACTS
    Prepare contract
    summary
    Review all service
    contracts and
    determine retention on
    a case-by-case basis
    Obtain and review all
    agreements for leased
    equipment

    INSURANCE
    Review current
    insurance policy
    Review claims history
    Details of current
    unsettled claims
    Obtain insurance
    quote

    Purchaser Due Diligence Checklist.doc


    -5-

    ITEM DATE RESPONSIBLE COMPLETE / STATUS


    REQUIRED PERSON DATE
    TAXES
    Review property tax
    assessment
    Review tax billings (2
    yrs)
    Review details of any
    protest

    PROPERTY
    MANAGEMENT
    Review existing
    property management
    agreement
    Consider retention of
    existing Employees

    CLOSING MATTERS
    Review tenant
    estoppel certificates
    and compare to lease
    audit
    Obtain certificate of
    insurance
    Execute new property
    management
    agreement
    Notification to tenants
    Review and finalize
    statements of
    adjustments

    OTHER ISSUES

    Purchaser Due Diligence Checklist.doc

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