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Commercial Property Due Diligence Checklist (Environmental + CRE)
Environmental due diligence is one pillar of commercial property due diligence. This checklist helps acquisition teams track parallel workstreams—title, survey, physical condition, leases, and Phase 1 ESA—without missing lender deadlines.
Environmental Workstream
- Order ASTM E1527 Phase 1 ESA per lender checklist
- Complete User questionnaires required by ASTM
- Track REC / HREC / CREC findings and Phase 2 triggers
- Budget Phase 2 allowance if gas station, dry cleaner, or industrial history
Parallel CRE Workstreams
- Title and survey review
- PCA / property condition assessment if lender requires
- Lease abstract and estoppel coordination
- Zoning, entitlements, and flood verification
- Insurance and casualty loss history
Interactive checklist
Check items as you prepare. Use Print / Save as PDF for your team or lender.
Environmental Workstream
- Order ASTM E1527 Phase 1 ESA per lender checklist
- Complete User questionnaires required by ASTM
- Track REC / HREC / CREC findings and Phase 2 triggers
- Budget Phase 2 allowance if gas station, dry cleaner, or industrial history
Parallel CRE Workstreams
- Title and survey review
- PCA / property condition assessment if lender requires
- Lease abstract and estoppel coordination
- Zoning, entitlements, and flood verification
- Insurance and casualty loss history
9 items · Not a substitute for ASTM E1527 scope work
FAQ
When should environmental due diligence start?
In parallel with LOI/PSA execution—do not wait until physical inspection is complete.
Who coordinates the checklist?
Often the buyer’s attorney or broker, with the borrower managing consultant contracts.