Buying Commercial Real Estate Checklist May 2026

: Assess the local market status including vacancy rates and competitive supply . 2. Legal & Regulatory Due Diligence

: Evaluate lease expiration dates , tenant creditworthiness, and any concessions or unpaid rent. buying commercial real estate checklist

: Obtain a Phase I Environmental Site Assessment to check for soil contamination, asbestos, or lead. 3. Physical Property Inspection : Assess the local market status including vacancy

: Inspect the foundation, roof, and load-bearing walls for signs of failure. buying commercial real estate checklist

: Review past three years of operating statements , rent rolls, and tax returns to verify cash flow.