What is the 100 - 10 - 3 - 1 formula and what does it do?
Listen to our "Doing your numbers" episode:
https://open.spotify.com/episode/1vvriSVRah3Ue57I231Qd6?si=a14208b87ae94e65
https://podcasts.apple.com/nz/podcast/christchurch-real-estate-podcast/id1673188088?i=1000609679006
My Due Diligence Clause:
(Not legal advice - please seek your own professional advice)
Due Diligence
This agreement is conditional upon the purchaser being satisfied with the
results of a due diligence investigation of the property and the purchaser’s
intended development of it within fifteen (15) working days of the date of
this agreement. If the purchaser is dissatisfied with any aspect of this
investigation the purchaser may at the purchaser’s absolute discretion by
notice in writing terminate this agreement and in such case any deposit paid
must immediately be refunded in full. This clause is inserted for the sole
benefit of the purchaser and the purchaser is under no obligation
whatsoever to supply any reasons for the purchaser’s dissatisfaction with
any aspect of the investigation.
The Vendor undertakes and agrees to:
a) Allow the purchaser together with consultants employed by the
purchaser full access to the property for the purposes of the due
diligence investigation; and
b) Provide to the purchaser any information held relating to the property
relevant to the due diligence investigation.
Like always you can find more information over at our website:
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Like always you can find more information over at our website:
And please follow us on our socials for more property content:
https://www.instagram.com/nathanrbroughton/
https://www.linkedin.com/in/nathanbroughton/
