Acquisition of a commercial property portfolio (buyer)—due diligence
Acquisition of a commercial property portfolio (buyer)—due diligence

The following Property practice note provides comprehensive and up to date legal information covering:

  • Acquisition of a commercial property portfolio (buyer)—due diligence
  • The legal due diligence team
  • The due diligence documents
  • Due diligence

The legal due diligence team

The buyer’s solicitor should:

  1. consider the legal team required for the transaction — what level of expertise is needed, and who will do what?

  2. consider how to resource the due diligence for each property and the transaction as a whole

  3. consider if specialist advice is required from different departments of the law firm (construction, planning, dispute resolution, tax, indirect investments, environment, employment)

  4. appoint a lead solicitor who will be responsible for co-ordinating not just the legal team (acting as lead contact with the client and the seller’s solicitor) but also co-ordinating the efforts of the wider due diligence team

The due diligence documents

Having agreed with the buyer (or lender) on the type of due diligence report that is required (report on title or certificate of title), the property solicitor sh

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