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)
2. Limited Search (tenure of search is restricted to past 15 years)
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.
The assigned professional will examine the following aspects during due diligence: