- Technical Due Diligence Surveys
Technical Due Diligence Surveys
T: 0161 518 8671
E: bc@roger-hannah.co.uk
Technical Due Diligence is defined by the RICS as the ‘systematic review, analysis, discovery and fathering of information about the physical characteristics of a property and / or land’.
What is the purpose of a TDD report?
A TDD report could be instructed by a client for the following purposes:
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Optimising the design of a new development or refurbishment.
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Understanding the condition and design of a property.
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Establishing suitability for use.
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Understanding future repair liabilities and associated costs.
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Understanding risk.
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Informing price negotiations for an acquisition.
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Improving Health & Safety standards.
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Improving performance and sustainability metrics.
What types of inspections are there?
The RICS Guidance Note defines four types of inspections, based on various stages in the property lifecycle. These are:
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Acquisition.
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Occupation and operation.
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Disposal.
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Refurbishment or development.
What is included?
As part of the Technical Due Diligence process we will look of various aspects including the property’s deeds, its history and how it has been occupied, so that we can establish any risks posed.
For clients acquiring property for investment purposes, our team will review legal documents including leases, construction information, warranties to establish any risk associated with the acquisition of a site, property or development.
Due diligence also forms part identifying any risk or possible opportunities associated with development or refurbishment projects and some time as part of a project Feasibility Study.