Property transactions due diligence for construction lawyers

When a client is proposing to purchase a property (or properties) or to purchase a company whose assets include properties, due diligence will need to be carried out to ensure that the properties are sound and that 'good title' can be obtained. The scope of construction due diligence should reflect the nature and age of the building and any subsequent works, known or suspected defects, and the contractual and statutory rights and liabilities relevant to the transaction. Full review of the construction documentation is particularly advisable where the building or substantial works are less than 12 years old, but older buildings may also require detailed review. In England and Wales, claims under section 1 of the Defective Premises Act 1972 generally have a 30-year limitation period where the right of action accrued before...