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Property Due Diligence to Minimize Risks

Overview

Before investing in a property, it is highly recommended to get a due-diligence conducted of the property to minimize risks. MyAdvo can assist in conducting due diligence of the property through expert diligence professionals.

 

Types of Due Diligence

Depending upon the nature of the transaction and the property involved, due diligence can be either:

1.    Full Search (tenure of search is usually between past 30 years to 99 years)

  • Recommended for sale, resale, long term lease transactions and transactions that involve obtaining financial loans against the property.

2.    Limited Search (tenure of search is restricted to past 15 years)

  • Recommended for short term rental/lease transactions.

The diligence for both the methods involves a rigorous search of all components of a real estate property and carried out comprehensively. The only difference being the tenure for which the search is done.

Steps to conduct Property Due Diligence

Understanding Requirements
Once you send in a request, our representative will get in touch with you to understand your requirements.
Lawyer Assignment
As per your requirements, we will connect you to an expert property diligence professional.
Due-Diligence

The assigned professional will examine the following aspects during due diligence:

  • Legal capacity of the present owner of the property;
  • Source of right or title of the current owner;
  • Land records and mutation entries;
  • Legality of the construction;
  • Latest tax paid receipts;
  • Government approvals and authorizations;
  • Encumbrances over the property; 
  • Whether the property is a part of any acquisition process.
Due Diligence report
After completion of the process, we will provide you with a Due Diligence report.

Why MyAdvo?

Pool of expert property professionals who have vast experience in due diligence of real estate
Dedicated case manager to provide you with timely updates
Payment is fixed in the beginning and you are not hassled by the lawyer
Dedicated portal to manage your documents and communicating directly with the lawyer

Frequently Asked Questions