Who legally occupies the property?Identify every tenant, subtenant, guest, family member, property manager, or other occupant.
What agreement controls?Collect leases, renewals, addenda, amendments, notices, emails, text messages, and payment records.
What money must transfer?Account for security deposits, prepaid rent, credits, concessions, unpaid balances, and tenant claims.
What access is available?Coordinate inspections, photographs, appraisals, and walkthroughs according to the lease and applicable law.
Who is responsible for vacancy?The purchase agreement should clearly state whether tenants remain or vacant possession is required.
Are legal proceedings pending?Disclose notices, hearings, eviction cases, bankruptcy filings, or other disputes that may affect the transaction.