COMMERCIAL REAL ESTATE DUE DILIGENCE
PROPERTY CONDITION ASSESSMENT
FOR COMMERCIAL REAL ESTATE
COMMERCIAL INSPECTION
Property Condition Assessment (PCA) of the improvements located on a parcel of commercial real estate includes a walk-through survey of the property, plus relevant research about the property. The standards for performing a PCA are found in International standard document ASTM E2018. The goal is to identify physical deficiencies and conditions to the client, as an important part of your due diligence. This information is presented in a standard Property Condition Report (PCR).
The term physical deficiencies means the presence of conspicuous defects or material deferred maintenance of a subject property's material systems, components, or equipment as observed during the field observer's walk-through survey. This definition specifically excludes deficiencies that may be remedied with routine maintenance, miscellaneous minor repairs, normal operating maintenance, and excludes de minimus that generally do not present material physical deficiencies of the subject property.
The Property Condition Assessment has four components: (1) Documentation review and interviews, (2) Walk-through survey, (3) Preparation of opinion of probable remedies, and (4) Property Condition Report (PCR).
You will receive a written proposal that defines the scope and cost of your Property Condition Assessment. A free preliminary site visit may be available, depending on your location. The scope of your PCA will be based on ASTM E2018, on your needs and on the size of the property. Specialty consultants or licensed contractors may or may not be included in the PCA, based on the scope of the project.
- Written Proposal by e-mail within 24 hours of initial site visit
- Trained Certified Commercial Inspector
- Inspecting home and commercial properties since 2002
- Member of ASTM International
- Member of ASTM Committee E50 on Environmental Assessment, Risk Management and Corrective Action
- Member of ASTM E1527 Phase I Task Group
- Member of International Association of Certified Home Inspectors
- Member of ComInspect network of Commercial Property Inspectors
- Specializing in Property Condition Assessments and other Commercial Inspections
- Inspection Team includes other licensed consultants as needed for your project
- Online Property Condition Reports, including photos and relevant links
Call or e-mail Westinspect for your written Property Condition Assessment proposal, based on ASTM E2018.
Westinspect's PCA Services
View a sample Property Condition Report
ASTM International Standards
Frequently Asked Questions (FAQs)
Based in Colorado, USA.
Property Condition Assessments are available Worldwide, unless restricted by local laws.
|
