Date post: | 09-Feb-2017 |
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Business |
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A presentation brought to youby LawyersIreland.eu
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Real Estate Due Diligence in Ireland
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Real Estate Due Diligence Procedure in Ireland
• Real estate due diligence is recommended to persons interested in buying properties in Ireland.
• This practice represents a detailed analysis of a property a client wishes to buy.
• The analysis is performed by experienced Irish lawyers and is meant to determine the legal status and the quality of the property.
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Commercial Real Estate due Diligence in Ireland
• Ireland has become a very good market for foreign investors.
• Commercial real estate due diligence is also a popular practice.
• Although the procedure is not compulsory, it is recommended to receive legal assistance from an Irish lawyer, to determine if the property is sold in good faith.
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Real Estate Sector in Ireland• The real estate sector in Ireland is
on the rise.
• Retail investments opportunities will reach the value of 400 million EUR, which is also applicable in the case of commercial properties.
• Our team of Irish lawyers can assist investors with legal advice on the due diligence procedures that should be performed when purchasing a property.
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How to Perform Due Diligence in Ireland >>
• The procedure of real estate due diligence in Ireland refers to an in-depth verification of the property’s documents.
• It also involves various legal aspects regarding the seller, such as:
bankruptcy issues;
verifying the property’s documents;
verifying if the seller is involved in a trial in an Irish court.
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>> How to Perform Due Diligence in Ireland
• It is also necessary to perform an audit on the structure of the property - this aspect falls under the responsibility of an architect.
• If necessary, due diligence can also refer to an environmental report, undertaken by an environmental consultant.
• Our Irish law firm can verify if the property represents a good investment.
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Commercial Real Estate Due Diligence Procedures • Commercial due diligence in
Ireland should be very important for any investor who wants to purchase or rent a property in order to open a company in Ireland.
• The company due diligence is comprised of many actions, which must give a clear image on what the investor will purchase.
• The procedures are always carried out before signing the purchasing contract.
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Aspects to Verify when Purchasing a Property
• When acquiring a company in Ireland, the investors should verify the following: information on the tenants
(if applicable);
insurance aspects;
the current tax situation;
contracts and bills.
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Important Inspections on the Property in Ireland
• When purchasing an Irish property, it is highly recommended to perform several inspections.
• They refer to the following:
plumbing system;
electrical system;
heating;
the property’s structure.
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Legal Services in Ireland
• Our law firm in Ireland can perform due diligence procedures in case you want to buy a property or a company in the country. Our team also offers legal assistance on related aspects.
• For example, the investors who consider relocating in Ireland, may need a residence permit.
• Furthermore, our attorneys can offer assistance when signing a contract in Ireland, regardless if the transaction is related to a natural person or to a legal entity.
Thank you for your attention!
• For more information please contact us at:
(+44)203-287 0408 (for international clients)
www.lawyersireland.eu 11