By Hans van Brakel, TDD advisor
C2N is regularly part of a team of specialists who carry out a due diligence on behalf of a buyer on a property that is up for sale. Our input concerns the Technical Due Diligence (TDD), in which we examine the structural and installation components.
In addition to a visual inspection of the building, we pay the necessary attention to the property file in order to establish, among other things, whether the building complies with laws and regulations, fire safety, use and maintenance, defects and repairs, the expected remaining life span of components, planned interventions to continue to comply with new laws and regulations, particularly in the area of sustainability.
In order to be able to carry out this check properly, the technical part of the file should at least include:
A property file is rarely complete. We request missing data from the selling party via a Q&A. After receiving the documents and answers, we complete our TDD report, in which we indicate which relevant documents are missing and which risks are involved.
A buyer may decide to translate these risks into a discount on the purchase price. Hence the title of this blog.
Want to know more? Hans van Brakel (06 – 41 39 99 28) is willing to tell you more.