A comprehensive Due Diligence service is provided on any property acquisation prior to our clients making their final decision whether it is on purchasing or financing the asset.
The main purposes of this is to establish the following:
- to establish whether the relevant asset is sound for the purposes of investment or loan security;
- to verify information given, financial projections and/or assumptions as to the ownership, (value and condition of the property) made in connection with the company, asset or transaction generally;
- to identify any risks inherent in the transaction or asset and mitigate these where possible;
- to comply with applicable statutory or regulatory requirements;
- generally to assist the buyer, lender or investor in analysing the legal and, to the extent possible, factual issues associated with the relevant transaction, and deciding whether to proceed.
Issues arising during due diligence frequently impact upon the viability of a transaction, the price paid for the property or other material terms.