Multifamily Due Diligence 5+ Units

PRE-OFFER REVIEW
[ ] Rent roll obtained - verify all units and rents listed
[ ] Trailing 12 income and expense statements - verify accuracy
[ ] T3/T6 tax financials if available - cross-reference with P&L
[ ] Current lease abstracts - expiration dates and key terms
[ ] Utility analysis - identify unusual usage or costs
[ ] Insurance binder - coverage limits and carriers confirmed
PHYSICAL INSPECTION - EXTERIOR
[ ] Parking lot condition - seal coating, markings, drainage
[ ] Landscaping and grounds - maintenance level and irrigation
[ ] Signage condition - leasing, directional, any damage
[ ] Dumpster areas - enclosure condition, odor control
[ ] Security lighting - coverage adequate and functioning
[ ] Fencing or gates - condition and functionality
[ ] Roofs on all buildings - age, materials, and condition
[ ] Exterior paint and siding - condition and maintenance needed
PHYSICAL INSPECTION - INTERIOR UNITS
[ ] Appliances age and condition - refrigerator, range, dishwasher

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