PROPERTY ACQUISITION DUE DILIGENCE CHECKLIST

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--- FINANCIAL & LEGAL REVIEW ---
[ ] Purchase Price
[ ] Current Annual Revenue
[ ] Annual Operating Expenses
[ ] Legal Counsel Engaged? (Yes, No)
[ ] Date of Title Search Ordered
[ ] Summary of Legal Due Diligence Findings
[ ] Outstanding Litigation? (Yes, No, Unknown)
[ ] Financial Statements (if available)

--- TITLE & SURVEY ---
[ ] Title Company Name
[ ] Copy of Title Report
[ ] Lot Size (Acres/Square Feet)
[ ] Type of Title Insurance (Standard, Extended, Special)
[ ] Date of Title Commitment
[ ] Easement Details (if any)
[ ] Survey Notes/Comments
[ ] Survey Type (ALTA/NSPS, Boundary, Topographic)

--- ENVIRONMENTAL ASSESSMENT ---
[ ] Phase I ESA Conducted? (Yes, No)
[ ] Summary of Phase I ESA Findings
[ ] Phase I ESA Report
[ ] Presence of Recognized Environmental Conditions (RECs)? (Yes, No)
[ ] Description of RECs (if applicable)
[ ] Estimated Cost of Remediation (if needed)
[ ] Date of Last Environmental Inspection

--- PHYSICAL INSPECTION ---
[ ] Roof Condition Rating (1-10)
[ ] Detailed Description of Structural Condition
[ ] HVAC Age (Years)
[ ] Water Heater Age (Years)
[ ] Evidence of Water Damage? (Yes, No, Unsure)
[ ] Defects Observed (Select all that apply) (Cracked Walls, Leaking Faucets, Damaged Flooring, Faulty Electrical Outlets, Broken Windows, Other)
[ ] Photos of Observed Defects (optional)

--- LEASE REVIEW (IF APPLICABLE) ---
[ ] Lease Expiration Date
[ ] Monthly Rent
[ ] Lease Type (e.g., Fixed, Month-to-Month) (Fixed Term, Month-to-Month, Other)
[ ] Included Utilities (select all that apply) (Water, Gas, Electricity, Trash, Internet, Other)
[ ] Pet Policy Details (if applicable)
[ ] Next Rent Increase Date (if applicable)

--- ZONING & PERMITS ---
[ ] Current Zoning Designation (Residential, Commercial, Industrial, Mixed-Use, Agricultural)
[ ] Zoning Ordinance Section(s) Relevant to Property
[ ] Compliance with Setback Requirements? (Yes, No, N/A)
[ ] Maximum Building Height Allowed (feet)
[ ] Date of Last Zoning Verification
[ ] Copy of Zoning Map
[ ] Required Permits (Select all that apply) (Building Permit, Occupancy Permit, Electrical Permit, Plumbing Permit, HVAC Permit, Demolition Permit)

--- INSURANCE REVIEW ---
[ ] Current Insurance Provider (Provider A, Provider B, Provider C, Other)
[ ] Current Property Insurance Coverage Amount
[ ] Current Liability Insurance Coverage Amount
[ ] Insurance Policy Expiration Date
[ ] Flood Zone Status (High Risk, Moderate Risk, Low Risk, Not in Flood Zone)
[ ] Notes/Observations Regarding Existing Coverage

--- TAX IMPLICATIONS ---
[ ] Purchase Price
[ ] Estimated Property Taxes (Annual)
[ ] Estimated Operating Expenses (Tax Deductible)
[ ] Depreciation Method (Straight-Line, Declining Balance, Other)
[ ] Estimated Closing Date (for tax planning)
[ ] Notes on potential tax benefits or liabilities
[ ] Entity Type (for tax purposes) (Sole Proprietorship, LLC, Corporation, Partnership)

--- CONTRACT & CLOSING ---
[ ] Purchase Agreement Execution Date
[ ] Purchase Price
[ ] Contingencies and Resolutions (e.g., financing, inspection)
[ ] Closing Date
[ ] Buyer Signature
[ ] Seller Signature
[ ] Copy of Fully Executed Purchase Agreement
[ ] Escrow Company (Company A, Company B, Company C)

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