Real Estate Due Diligence Checklist Page 4
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8Real Estate Due Diligence Checklist
Responsible Party
Status
Due Date
Tab
17. Contact insurance to arrange for coverage
18. Sales comparable and/or rent comparable
study
19. Current market reports and vacancy data
B.
PROPERTY OPERATIONS
1.
Current rent roll
2.
Standard form of lease
3.
Monthly operating statements for last 2
years
4.
Utility bills for last 3 years (electric, water
& gas)
5.
Obtain and review real property tax bills
for last 3 years and most recent tax bill
(any increases, special assessments
forthcoming)
6.
Monthly delinquency report for past 3
years and budgeted for next 2 years
7.
Schedule of capital improvements over
past 3 years and budgeted for next 2 years
8.
Operating and service agreement
contracts and lease agreements - Prepare
summary of contracts including:
(a) Vendor name;
(b) Services provided;
(c) Term;
(d) Charges
9.
Property management agreement
C.
TENANT INFORMATION
1.
Tenant Status
2.
All tenant lease agreements and
amendments
3.
Current financial statements for all
tenants and lease guarantors
4.
Profile and background on each tenant
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Related forms
Instructions For Form 8867 - Paid Preparer's Due Diligence Checklist For The Earned Income Credit (eic), The Child Tax Credit (ctc)/additional Child Tax Credit (actc), And/or The American Opportunity Tax Credit (aotc) - 2016
Financial
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Parent category: Life