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Commercial Real Estate Due Diligence Checklist

Complete due diligence 50% faster • Systematic document collection framework • Financial and legal documentation • Property inspection and compliance • Investment analysis preparation

Streamline commercial real estate due diligence with our comprehensive document checklist. Perfect for commercial agents, brokers, and investment advisors to systematically gather all required documents for office, retail, industrial, and multi-family property transactions.

Commercial Real Estate Due Diligence Checklist form template preview

Key Benefits

Commercial real estate agents
Investment brokers
Property developers
Improve operational efficiency
Commercial real estate attorneys

Common Use Cases

Transaction documentationDue diligence and verificationClient onboarding and managementCompliance and regulatory adherenceProperty assessment and documentation

Frequently Asked Questions

Can I customize this checklist?
Yes, all our checklists are fully customizable to fit your specific needs and requirements.
Is this checklist up to date?
Yes, we regularly update our checklists to reflect current industry standards and best practices.

Checklist

Legal Documentation

Complete title search and title insurance
Required

Verify clear title and obtain title insurance policy

Obtain ALTA survey and boundary verification
Required

Professional ALTA survey showing property boundaries and improvements

Review current deed and ownership history
Required

Current deed and chain of title documentation

Identify and document all easements
Required

Utility easements, access easements, and other encumbrances

Verify zoning compliance and land use
Required

Zoning classification and permitted uses for the property

Review building permits and certificates of occupancy
Required

All building permits and final inspection certificates

Environmental

Complete Phase I environmental site assessment
Required

Phase I ESA to identify potential environmental issues

Phase II environmental assessment (if required)

Detailed environmental testing if Phase I reveals concerns

Complete asbestos survey and testing

Asbestos survey for buildings constructed before 1980

Lead paint assessment and testing

Lead paint testing for buildings constructed before 1978

Complete radon testing

Radon testing for ground-level and basement areas

Physical Inspection

Complete structural engineering inspection
Required

Professional structural assessment of the building

Complete mechanical systems inspection
Required

HVAC, electrical, and plumbing systems evaluation

Complete roof inspection and assessment
Required

Roof condition, age, and estimated remaining life

Complete pest inspection and treatment
Required

Termite and other pest inspection and treatment

Financial Records

Review property tax records and assessments
Required

Current and historical property tax records

Review utility bills and service records
Required

Electric, gas, water, sewer, and other utility costs

Review property insurance policies and claims
Required

Current insurance coverage and claims history

Document rental income and lease agreements
Required

Current leases, rental income, and tenant information

Review operating expenses and maintenance costs
Required

Historical operating expenses and maintenance records

Valuation

Obtain professional property appraisal
Required

Professional appraisal for current market value

Review comparable sales and market analysis
Required

Recent comparable sales and market trends

Complete income approach valuation
Required

Income-based valuation using cap rates and NOI

Complete cost approach valuation

Replacement cost analysis for insurance purposes

Market Analysis

Complete market analysis and trends
Required

Local market conditions and future outlook

Tenant Analysis

Review tenant credit and financial analysis
Required

Tenant creditworthiness and financial stability

Review lease terms and expiration dates
Required

Lease terms, rent escalations, and expiration analysis

Risk Management

Develop contingency plans for issues
Required

Plans for addressing any issues discovered during due diligence

Project Management

Establish due diligence timeline
Required

Realistic timeline for completing all due diligence items