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Commercial Real Estate Terms: What is a Due Diligence Period?

April 26, 2017Commercial diligence period Real Estate terms

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Commercial Real Estate Terms: What is a Due Diligence Period?

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A Due Diligence Period refers to the homework and research that the Buyer and Seller do during the period after a contract is signed, but before the closing of the transaction. This time period can include items such as zoning work, environmental surveys, physical inspections and engineering and lawyer reviews.