All Forum Posts by: Kris P.

Hi Dylan, 

Thank you for your response! 

I dont think there is any underground tank, the property is fairly new. As for the surveying, the neighboring warehouses are all different owner. 

I think its a good idea that I should hire my own vendors to do all the reports and research, and if I find anything I can always go back and ask for a deduction on the purchase price instead of asking the seller to pay for the reports up front. 

Hi Everyone, 

I just have a quick question - we are planning on purchasing a warehouse for our company in Los Angeles. When making an offer on the property I have advised the broker to require the seller for the following reports : 1. NHD, Environmental Report Phase One , Pest Report, Termite Clearance ,CLUE Report, Surveying. The broker came back and advised that since its a sellers market we should only ask for the NHD report and the seller had done the environmental report few years back he wont want to pay for it again. We should pay for all the other reports if we want them but he has never seen someone in his past experience conduct a surveying for a warehouse - (The warehouse is connected to many other warehouse building around the area and does not have a clear boundary line - but the seller is providing for the plans)

Does anyone have any past experience or recommendation on what type of reports are needed (must) and advice for anything else?

Thanks!