When entering in to a land or property transaction, the principle of ‘caveat emptor’, or ‘buyer beware’, holds true.
A savvy buyer will ask themselves the following questions:
- Will the purchase lead me to inherit potentially contaminated land?
- Does the purchase price reflect the level of contamination, and any remedial work required to make the land suitable for development?
A due diligence report outlines potential on-site and off-site liabilities, and provides a summary of risk and liability associated with owning the property.
Due diligence reports produced by Mayer use a reporting style that is accessible, comprehensive and free from jargon. They are completely unique and tailored to the specific parcel of land in question.
Our reports provide buyers with clarity on the level of risk associated with a purchase. They are an extremely useful tool and play a key role in informing a potential buyer’s decision as to whether or not to proceed with a purchase.
They are separate to, and distinct from, site investigation reports and other research produced prior to the point of purchase.
Before entering into a lease agreement, you may require a baseline site investigation.
Mayer produces reports that provide you and/or the landlord with an agreed condition to which the site in question must be returned at the end of the lease period.