Due Diligence for a Commercial Property Acquisition
Real Estate Case Study
About This Case
Verifying the legal status of a commercial property before a client committed to purchase.
- Practice Area
- Real Estate
- Time Frame
- 4 weeks
- Lawyer
- WinstLaw Real Estate Team
Before any property purchase, we verify title, check for existing encumbrances, and confirm that all required approvals and registrations are in order. Catching an issue during due diligence — rather than after the purchase is complete — is where this kind of review earns its value.
We also reviewed the existing lease agreements on the property to flag any terms that could affect the client's plans for the site after purchase.
A clean title search costs a fraction of what an undiscovered encumbrance can cost after closing.
Challenge
The client needed confidence in a commercial property's legal status before committing significant capital to the purchase.
- Property
- Title Verification
- Real Estate Law
- Contract Law
Our Process
1. Title Search
We conducted a full title search and reviewed the property's registration history.
2. Reviewing Encumbrances
We checked for existing charges, disputes or restrictions affecting the property.
3. Confirming Approvals
We verified that all required government approvals and registrations were in order before advising the client to proceed.
Result
The client proceeded to purchase with full confidence in the property's title and legal status.