Step 2. Before Closing Services:
- Confirm leases are complete with all addenda and modifications
- Obtain code, zoning, fire deficiency reports from local officials
- Review vendor contracts
- Interview current Property Management company
- Review all Property Management files
- Obtain copies of all permits & warranties
- Have special studies performed as necessary:
Code and zoning analysis
Structural
Environmental updates
Phase 2 testing
Soil borings
- Prepare Property Management Plan
- Draft vendor & tenant notices
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