Due diligence for property and finance is the method of ascertaining and assessing information on a range of relevant issues prior to an agreement becoming final and binding. CBP is highly experienced in the due diligence process for both property acquisitions and finance.
The due diligence process is different for each acquisition and CBP reports generally refer to the following information, to be tailored to your specific transaction:
- assessment of risk, including likelihood and severity
- investigation of title including a review of any restrictions, easements, pre-emptive rights and any encroachments that may apply to the property
- the supply and standard of services to the land and a review of any relevant agreements
- access to the property or to other property, including review of licence arrangements
- planning, construction, environmental and heritage matters
- compliance with statutory duties
- review of tenancies, car parking and other occupancy agreements
- service contracts and management agreements
- disputes and litigation relating to the property
- Strata title matters
- intellectual property, including access to architectural designs prepared for the development
- insurance
- depreciation, building allowance and GST review