- All due diligence should be carried out, by you and by your lawyer and should include the following:
- A translation of the land title deed into English and certified.
- An investigation into the land title(Chanote/Nor Sor Saam Gor).
- An investigation into any mortgages registered against the land and recorded on the title deed.
- A Bankruptcy/Civil Court search conducted on the current owner.
- A physical inspection of the land to ascertain suitable access.
- A land survey by an approved chartered surveyor.
- An investigation into the land owner's family history (if possible),
- An investigation with the Land office re: Land taxes, registered value, registered powers of attorney,
registered leases and the previous transfer date of the land.
If the land is owned by a developer then the following should also be investigated:
- The company registration date
- It's registered share capital
- Changes in the company name in the last 3 years
- The possession of a valid building permit
- A land allocation permit
- The title to the land and how many plots are allocated on the land
Without prejudice. The information presented on these pages are solely guidelines. Nikolsons strongly recommend you consult with a qualified lawyer before commencing any business transaction.