Sur Selecto – Real Estate

DUE DILIGENCE

REAL ESTATE

DUE DILIGENCE

The main objective of Due Diligence is to carry out an analysis on the viability of the real estate business before making a major investment, so we must take into account some aspects such as:

  • Property Background: take a trip back in time to the origins of the property; confirm if the current dimensions have been the same since then or if it has been merged or subdivided; analyze the methods of acquiring the property over the years.
  • Tax Analysis: confirm that all required tax payments are up to date.
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  • Free of all charges (without encumbrances): make sure the property is not encumbered; that there are no embargoes, debts, credits or annotations involved.
  • Current owner: confirm that the person you are dealing with is actually the rightful owner; ask for their identification and addresses. In case of co-ownership, confirm that you are dealing with the correct representative and that you have the consent of the other owners or that the legal entity accredits it in the same terms.
  • Property nomenclature: verify that the measurements and property limits of the deed coincide with those of the Municipality; ensure that there are no discrepancies and/or changes in the property.

* Contract Review: The review of a contract is the process of detailed analysis by a lawyer who specializes in the mortgage area of ​​a legal document to determine if it contains all the necessary elements for a valid agreement and to identify any clauses or conditions that may result in a liability or risk for one of the parties involved. This review is usually done before the contract is signed to avoid potential problems later.

Atte. legal department of Sur Selecto S.A de C.V

Download a sample of our contract reviews.
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