Having gone through the process of identifying a suitable property for acquisition, agreed pricing and in most cases secured exclusivity for an agreed period of time, a critical part of the process is to undertake due diligence investigations.

We have been involved in a number of transactions whereby preliminary investigations failed to reveal potential problems and it was only during more detailed investigations that we discovered issues that necessitated further negotiation.  These further negotiations resulted in either a reduction in price, the inclusion of further conditions precedent or in some csaes a complete withdrawal from the transaction.

The extent of due diligence investigations required will depend on the type of property involved, the price level and the complexity of the transaction.

Whilst we undertake some preliminary due diligence in assessing whether a particular property is worth further consideration and also in determining the likely price structure, the majority of due diligence, if required, will be undertaken post offer and acceptance, but prior to executing contract documentation.

We will undertake a significant proportion of this work ourselves, however where appropriate, in order to mitigate risk, we will utilize our network of consultants to assist in the process in disciplines that require specific expertise.

Due diligence may include the following: