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What is Due Diligence, and When is it Done?  “Due diligence” means an appropriate investigation into all aspects of a parcel of real property to be conveyed to the purchaser (or lender).  What amount of diligence is “due” depends upon the circumstances, including the risks created by the prior use of the property, the monetary value of the transaction, and the budget available.  The information disclosed by a due diligence review is typically used either to confirm that a deal can be closed on the original terms, or, if the diligence discloses surprises, as leverage for a buyer or tenant or lender to renegotiate its deal prior to becoming irrevocably committed to close. 

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