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Due diligence can be a legal obligation, but the term more commonly applies to voluntary investigations. It may also offer a defence against legal action. A common example of due diligence is the process through which a potential acquirer evaluates a target company or its assets in advance of a merger or acquisition. [1]
Typically this occurs after the buyer gets the property under contract and during the period that it is performing due diligence. The buyer may raise a due diligence issue and demand a purchase price adjustment to a lower re-trade price. The seller can be left in a bad situation where it must either accept the lower price or lose the sale and ...
The Hartls say they did their due diligence. They worked with Hernando County officials and hired a builder to draft plans for their home. County records confirmed the property was zoned for ...
An Estoppel Certificate (or Estoppel Letter) is a document commonly used in due diligence in real estate and mortgage activities. It is based on estoppel, the legal principle that prevents or estops someone from claiming a change in the agreement later on. [1] It is used in a variety of countries for commercial and residential transactions.
That means buyers will need to do more due diligence before signing on with a real estate agent. They may even run into other situations where they may need to sign a document just to tour an open ...
The Board of Supervisors must still approve the purchase, and the county has begun the due diligence process of examining the property for possible structural problems or other issues before ...