DUE DILIGENCE CHECKLIST
ITEM A) LOCATION 1. Region 2. Submarket 3. City 4. County 5 Address 6. Cross Streets B) OWNERSHIP 1. Owner 2. Owner’s Business 3. Contract 4. Decision Maker 5. Motivation to Sell 6. Date Bought 7. Estimated Equity 8. Broker / Brokerage 9. Exclusive Listing 10. Commission / Responsibility C) ESCROW / PURCHASE AGREEMENT 1. Escrow a. Escrow Holder b. Escrow Commencement Date c. Duration of Escrow d. Feasibility Period e. Initial Deposit f. Hard Money Date g. Additional Deposits h. Cash Due at Close i. Close of Escrow Date j. Extensions 2. Agreement Drafted by: 3. Liquidated Damaged Addressed 4. Seller Reps & Warranties 5. Approved by Greystone Dept. D) ENTITLEMENTS 1. Proposed Use 2. Jurisdiction 3. General Plan Designation 4. Zoning 5. Annexation Required 6. General Plan Amendment 7. Specific Plan 8. Tentative Map a. Submitted b. Approved
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DUE DILIGENCE CHECKLIST
ITEM c. Vesting d. Expires e. Conditions Final Map a. Recorded b. Improvement Plans Approved c. Improvement Bonds d. Architecture Complete e. Design Review f. Permits Available g. Allocation System Subdivision Ordinance Building Ordinance Zoning Ordinance Growth Management Plan Redevelopment Area Assessment Districts Community Facilities district Development Agreement Dev. Agreement Assignable Reimbursement Agreements Third Party Agreements Existing / Pending Moratoriums Jurisdictional Support for Project Citizen / Neighborhood Issues Citizen Groups Fish & Game Issues Army Corps of Engrs. Issues Coastal Commission Issues Open Space Requirement Park Dedication Other Land Dedication Archaeological Issues Seismic Issues Special Sound Attenuation Historical Structures Protected Trees Wildlife Preserve Endangered / Protected Species Other Agricultural Preserve Police Capacity Fire Capacity a. Sprinklers Required b. Fire Hazard Area School Capacity a. School District b. District Quality Fees (Amount / When Due) a. Planning b. Plan check
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10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40.
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DUE DILIGENCE CHECKLIST
ITEM c. Water Connection d. Sewer Connection e. Storm Drain f. Transportation g. Parks h. Facilities i. School j. Child Care k. Low Income Housing l. Fire m. Other: n. Other: F. UTILITIES 1. Gas Service a. Capacity / Will-Serve b. Stubbed to Site c. Moratoriums 2. Water Service a. Capacity / Will-Serve b. Stubbed to Site c. Moratoriums d. Water Quality e. Construction Water 3. Electric Service a. Capacity / Will-Serve b. Stubbed to Site c. Moratoriums 4. Sewer Service a. Capacity / Will-Serve b. Improved to Site c. Moratoriums d. In-Tract Pumping Required 5. Storm Drain System a. Capacity b. Improved to Site c. Moratoriums d. Off Property Improvements 6. Telephone 7. Cable TV 8. Street Lights 9. Joint Trench Allowed a. Plans Complete 10. Garbage Service 11. Mail Delivery 12. Relocation of Existing Utilities 13. Undergrounding of Existing Utilities G) TITLE 1. Title company
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DUE DILIGENCE CHECKLIST
ITEM 2. Title Co. Acceptable to Bank 3. Review of Title / Prelim. Title Report 4. Exceptions Reviewed a. Underlying Doc’s Reviewed b. Easements Plotted c. Required Easements Plotted 5. Future Easement Obligations 6. Prescriptive Easements 7. Lawsuits Against Landowner 8. Lis Pendens 9. Out Parcels / “Spite Strips” 10. Right of Way Issues 11. Condemnation Proceedings 12. Existing Leases 13. Chain of Title H) LIENS / RESTRICTIONS 1. Existing 1st Trust Deed a. Status b. Principal Balance c. Accrued Interest d. Beneficiary e. Trustee f. Terms & conditions g. Assumable h. Prepayable i. Will Subordinate 2. Existing 2nd Trust Deed a. Status b. Principal Balance c. Accrued Interest d. Beneficiary e. Trustee f. Terms & conditions g. Assumable h. Prepayable i. Will Subordinate 3. Other Liens 4. Judgement Liens 5. Property Taxes a. Assessed Value b. Property Tax Rate c. Delinquent Taxes d. Supplemental Taxes 6. Assessment District a. Status b. Lien Against Property c. Impact to Units d. Prepayable e. Restrictions
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DUE DILIGENCE CHECKLIST
ITEM 7. Other Assessment District a. Status b. Lien Against Property c. Impact to Units d. Permeable e. Restrictions 8. Restrictions a. CC&R’s b. Architectural c. Homesite Size d. Other 9. Homeowner’s Association a. Status b. Dues c. Product Limitations d. Voting Rights e. Responsibilities f. Other 10. Department of Real Estate a. Pink Report b. White Report c. Other Report d. Restrictions I) PHYSICAL DESCRIPTION 1. Topography 2. Gross Acres / Density 3. Net Acres / Density 4. Min Homesite / Min Pad 5. Avg. Homesite / Avg. Pad 6. Soils a. Landslides b. Landfill c. Faults d. Erosion e. Subsidence f. Expansive Soils g. Rock Formations h. Liquefaction i. Special Conditions 7. Toxic Issues a. Current Use b. Existing Structures c. Historical Analysis d. Suspect Neighboring Uses e. 2,000’ From Landfill or Dump f. Phase I Environmental Study g. Phase II Environmental Study h. Other Studies 8. Adjacent Uses
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DUE DILIGENCE CHECKLIST
ITEM a. North b. South c. West d. East 9. Other Negative Impacts a. Power Lines b. Near Quarry c. Flood Impact Zone d. Near Heavy Traffic / Freeway e. In or Near Flight Plan f. Impacted by Smoke / Fumes g. Significant Dumping h. Unusual Wind Patterns i. Railroad Tracks j. Pipelines i. Oil/Gas Wells j. Other
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J) PROXIMITY TO EMPLOYMENT / AMENITIES 1. Nearest Employment Center 2. Nearest Shopping Center 3. Nearest Park 4. Nearest Recreation Center 5. Nearest Hospital 6. Nearest Transportation 7. Nearest Schools 8. Other Amenity
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