Vendor's Building Inspection

The doctrine of 'Caveat Emptor' (Buyer Beware) has reigned supreme for centuries. It has disadvantages. Abortive cost and time delay arise as every prospective purchaser has to commission their own survey of a property. Whereas survey reports prepared on behalf of the Vendor, on which the Purchaser may legally rely, can reduce transaction times and scope for negotiation. The preparation of Vendor's Building Inspections, in readiness for sale, is a role with which Alderman Stone is very familiar. 

Alderman Stone has specialised in this service area for more than 25 years. Alderman Stone is independent of investment advisers and agents, and, therefore, Purchasers' interests are not open to compromise by 'undue influence'. Our location of offices enable us to deal with single properties or large portfolios, anywhere in the UK.

Our clients are mainly independent asset managers, financial institutions and property companies. We are able to tailor extensively the precise scope of our reports, coordinating the involvement of other professional disciplines, if necessary.

We pride ourselves on our unbiased, pragmatic style of reporting, and a responsive and proactive approach.

If you would like further no obligation advice or assistance with any aspect, please contact us.
 
This information is not intended to be a comprehensive review of all legal or other aspects referred to. Readers should take further appropriate advice before applying the information contained in this media to specific issues or problems.

Service Includes

• Clarifying the precise extent of the service required
• Reviewing all relevant technical and legal documentation
• Inspecting the property internally and externally
• Co-ordinating the involvement of specialist sub-consultants in regard to services
   installations, deleterious materials testing and land contamination
• Liaising with other members of the disposal team such as solicitors, agents, accountants and investment advisers
• Preparing a report to the client's preferred format or our own format
• Dealing with queries raised by prospective purchasers, including more forensic re-inspection of the property, if so instructed
• Drafting, agreeing and executing Warranties and Duty of Care documents in favour of the eventual purchasers

Purchaser's Building Survey

The demands of modern investment markets call for property that is considered a liquid asset class. Buyers are therefore obliged to satisfy themselves as to the condition of a property before committing to the transaction. Alderman Stone has been providing acquisition advice in the residential and commercial property sector for more than 25 years, for a multitude of building types.  We have developed a reputation in the market place for pragmatic, balanced advice and offer services for single properties or large portfolios. 

Our clients range from commercial companies acquiring space for their own occupation, financial institutions, property companies acquiring property for investment purposes, independent asset managers and developers. We are able to tailor extensively the precise scope of our reports, to suit the circumstances of our involvement and co-ordinate the involvement of many other professional disciplines as necessary.

Service includes:

• Clarifying the extent of the service required
• Reviewing all relevant technical and legal documentation
• Inspecting the property
• Co-ordinating the involvement of specialist sub-consultant concerning services installations, deleterious materials testing and land contamination
• Liaising with other members of the acquisition team such as solicitors, agents, accountants and investment advisers
• Preparing a report to the client's preferred format or our own format
• Dealing with queries raised by the acquisition team, including more forensic re-inspection of the property, if required
• Attending review meetings

Environmental Due Diligence

Environmental due diligence has become an essential tool in assessing the environmental risks and liabilities associated with property development and the due diligence transaction process. This dedicated service, required as part of the vendor, acquisition, divestiture and redevelopment process, provides commercially aware reports, in line with current environmental legislation, tailored specifically to the needs of our clients.

Environmental due diligence includes:

• Phase I - Real Estate and Industrial Environmental Audit
• Phase II - Environmental Audit & Soil and Groundwater Investigations
• Phase III - Remediation Design and Management Services
• Hazardous Building Materials
• Geothermal Technology

Green Due Diligence

Over recent years, sustainability issues have become increasingly important. The pending changes in legislation regarding energy saving/CO2 reduction will be a driving market factor in the property market as it is expected that the requirement for energy passes will have increasing influence on property decision-making. With energy costs described as being the 'second rent', sustainable buildings will have a competitive edge and will increase in value whereas standard buildings will only be bought and let at reduced prices.
 
To meet the changing needs of clients and ever-changing legislation, Alderman Stone has established a new field of 'green due diligence' expertise to emphasize the importance of sustainability issues within the property industry. As green legislation is a moving target, an experienced view on current and future issues is essential for the successful completion of a project.

Green due diligence includes the following:

• Energy passes
• Green building consultancy
• Compliance - BREEAM & LEED

Contact us on 02476 347171 or email us for a FREE no obligation consultation and quotation