Apartment and Condominium Project Acquisition Due Diligence
5.18.12
The market for acquisition of apartment and condo projects is active. For those investing in these projects, there are many potential pitfalls that should be checked during the due diligence phase of the transaction.
These include:
- the status of approvals,
- requirements of development agreements and getting an estoppal certificate,
- the scope and effects of "as is" clauses & waivers of claims, and
- assignment of obligations under contracts and warranties.
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