What Due Diligence is Required
I picked this video for you because buying commercial property in Winnipeg follows the exact same legal principal to that which applies in Florida, that principal being, Caveat Emptor, or buyer beware, which is explained in this video.
When purchasing a commercial property, the individual is deemed a sophisticated buyer and therefore it is imperative that all Due Diligence is done prior to the purchase. The buyer is responsible for examining the physical and non-physical aspects of the property. It is recommended that the Real Estate investor who is buying, is or has an expert, who can guide them through the due diligence required and that all pre-closing documents and all pre-closing communications are documented between the parties.