Acquisition of a multi-let commercial property (buyer)—due diligence
Acquisition of a multi-let commercial property (buyer)—due diligence

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

  • Acquisition of a multi-let commercial property (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? who will do what?

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

  3. 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 coordinating the efforts of the wider due diligence team

The due diligence documents

Having agreed with the buyer (or lender) on the type of due diligen