Technical status
A technical due diligence (TDD) review involves the technical recording and condition assessment of an existing building in order to make a potential buyer aware of opportunities and potential, but also of possible cost traps.
It includes the following:
– Review of the land registry entries and the status of planning and permission legislation
– Environmental impact assessment – register of contaminated sites
– Assessment of the capital requirements for maintenance and repairs – subdivided into immediate measures and subsequent maintenance in relation to the property age and desired scope.
The seller is expected to facilitate access to relevant documents (data room).
A comprehensive TDD review can also be extremely useful should you wish to engage in any sales negotiations.
