Canadian Commercial Real Estate - Property Purchase Due Diligence Checklist


The following is a sample of a due diligence checklist which an investor may use in connection with the acquisition of a retail or office property.

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 which 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.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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