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Property Acquisition Due Diligence Checklist

Unlock seamless property acquisitions! Our Property Acquisition Due Diligence Checklist ensures you cover every critical detail - from title searches and environmental assessments to financial reviews and legal compliance. Minimize risks, maximize value, and confidently close your next real estate deal. Download now and streamline your due diligence process!

This Template was installed 3 times.

Financial & Legal Review

1 of 9

Assess the financial viability and legal standing of the property.

Purchase Price

Current Annual Revenue

Annual Operating Expenses

Legal Counsel Engaged?

Date of Title Search Ordered

Summary of Legal Due Diligence Findings

Outstanding Litigation?

Financial Statements (if available)

Title & Survey

2 of 9

Verify ownership, easements, and property boundaries.

Title Company Name

Copy of Title Report

Lot Size (Acres/Square Feet)

Type of Title Insurance

Date of Title Commitment

Easement Details (if any)

Survey Notes/Comments

Survey Type

Environmental Assessment

3 of 9

Identify potential environmental hazards and liabilities.

Phase I ESA Conducted?

Summary of Phase I ESA Findings

Phase I ESA Report

Presence of Recognized Environmental Conditions (RECs)?

Description of RECs (if applicable)

Estimated Cost of Remediation (if needed)

Date of Last Environmental Inspection

Physical Inspection

4 of 9

Evaluate the structural and mechanical condition of the property.

Roof Condition Rating (1-10)

Detailed Description of Structural Condition

HVAC Age (Years)

Water Heater Age (Years)

Evidence of Water Damage?

Defects Observed (Select all that apply)

Photos of Observed Defects (optional)

Lease Review (if applicable)

5 of 9

Analyze existing lease agreements and tenant obligations.

Lease Expiration Date

Monthly Rent

Lease Type (e.g., Fixed, Month-to-Month)

Included Utilities (select all that apply)

Pet Policy Details (if applicable)

Next Rent Increase Date (if applicable)

Zoning & Permits

6 of 9

Confirm compliance with zoning regulations and permit requirements.

Current Zoning Designation

Zoning Ordinance Section(s) Relevant to Property

Compliance with Setback Requirements?

Maximum Building Height Allowed (feet)

Date of Last Zoning Verification

Copy of Zoning Map

Required Permits (Select all that apply)

Insurance Review

7 of 9

Evaluate existing insurance coverage and potential risks.

Current Insurance Provider

Current Property Insurance Coverage Amount

Current Liability Insurance Coverage Amount

Insurance Policy Expiration Date

Flood Zone Status

Notes/Observations Regarding Existing Coverage

Tax Implications

8 of 9

Understand the tax implications of the acquisition.

Purchase Price

Estimated Property Taxes (Annual)

Estimated Operating Expenses (Tax Deductible)

Depreciation Method

Estimated Closing Date (for tax planning)

Notes on potential tax benefits or liabilities

Entity Type (for tax purposes)

Contract & Closing

9 of 9

Review the purchase agreement and prepare for 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

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