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Due Diligence Coordination Checklist
Legal and Compliance
Review current property zoning and confirm it is in compliance with intended use
Examine title and property deeds for any encumbrances or liens
Ensure compliance with the Americans with Disabilities Act (ADA)
Financial Analysis
Audit previous years' tax records for the property
Analyze current lease agreements and compare income to market rates
Review projected income and expenses for the property
Physical Inspection
Conduct a comprehensive property condition assessment
Evaluate the need for repairs or upgrades and estimate associated costs
Review environmental assessments for potential liabilities
Tenant and Operational Review
Verify lease agreements and assess tenant creditworthiness
Examine service contracts and warranties for transferability
Assess property management effectiveness and reputation