What is meant by due diligence?
A. Due diligence is the level of judgment, care, prudence, determination, and activity that a person would reasonably be expected to do under particular circumstances. Applied to occupational health and safety, due diligence means that employers shall take all reasonable precautions, under the particular circumstances, to prevent injuries or accidents in the workplace. This duty applies to legislated requirements as well as to situations that are not addressed in the occupational health and safety legislation. “Due diligence” is important as a legal defense for a person charged under occupational health and safety legislation. If charged, a defendant may be found not guilty if he or she can prove that due diligence was exercised. In other words, the defendant must be able to prove that all precautions, reasonable under the circumstances, were taken to protect the health and safety of workers. “Due Diligence” is another way of expressing the term “prevention”. For more information on ho
A. Interested parties are required to perform all due diligence prior to committing to a purchase. As all real property is unique, Buyers must not make assumptions regarding a particular parcel as to its desirability (including but not limited to: its usefulness, suitability, amenities, accessibility, etc.). By proceeding, the Buyer acknowledges that a thorough investigation has been made to the Buyer’s satisfaction and that no subsequent claim(s) shall be made. Property information and mapping which we provide is obtained from sources deemed reliable such as from County and City offices and well-known publishers. Parcel descriptions are then subject to our own observations and interpretation of the body of data. We cannot therefore warrant the accuracy thereof.
Owner Assist Auctions and Realty, will provide you with the information available from the seller on each property, and the seller will provide insurable title, free of adverse liens by closing. However, it is your responsibility to verify that all information is accurate and to your satisfaction. For instance, you might want to check with the local municipality to verify taxes and zoning, and get the most updated copy of the deed or tax map. You also might want to walk the property itself to examine the “lay of the land,” and have professional inspections done on any structures. Typically, you are buying the property as-is, without contingencies; therefore, you should do your homework prior to bidding.
