Hi experts,
I would like to know if I need to do any earth quake related due diligence prior to buying a commercial building in Wellington if a commercial building is advertised as achieving 100% NEBS based on a report in 2012. I am wondering if the shakes a few years would have affected this NEBS rating? Also, I heard depending on who does the report, the NEBS rating might be different. The building had been restrengthen to 100% prior to 2012. keen for your thoughts on this as I as this is my first foray in commercial property investment and want to thread safely.
If I do have to do due diligence as part of settlement, would IEP be enough?
I would like to know if I need to do any earth quake related due diligence prior to buying a commercial building in Wellington if a commercial building is advertised as achieving 100% NEBS based on a report in 2012. I am wondering if the shakes a few years would have affected this NEBS rating? Also, I heard depending on who does the report, the NEBS rating might be different. The building had been restrengthen to 100% prior to 2012. keen for your thoughts on this as I as this is my first foray in commercial property investment and want to thread safely.
If I do have to do due diligence as part of settlement, would IEP be enough?
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