What is the role of inspections in commercial real estate transactions?

In commercial real estate transactions in California, inspections are an important factor in ensuring that the property is sound and free from potential risks. Inspections involve a professional such as a building inspector or a specialized team made up of various professionals, such as an engineer, a building inspector, and an environmental specialist to review the property. Through this process, an assessment of the property is made to ensure that it meets certain criteria including local building codes and other regulations. The results of the inspection will provide information to both buyers and sellers regarding any current or potential issues with the property. This can provide both parties with greater peace of mind that they are entering into a safe and legally sound transaction. Inspections may also provide insight into any future repairs or renovations that should be considered before the sale is finalized. Inspections are an important part of commercial real estate transactions and can help to protect both buyers and sellers from taking on unnecessary risks. They also help to ensure that the property is suitable for its intended purposes and that any potential issues with the property can be addressed prior to closing.

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What is the role of inspections in commercial real estate transactions?

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