Definition
The investigation period during which a buyer inspects, reviews documents, and verifies assumptions before committing.
Example
The 30-day due diligence period covered inspections, lease audit, and environmental review.
Related terms
Frequently asked questions
What does Due Diligence mean in real estate?
The investigation period during which a buyer inspects, reviews documents, and verifies assumptions before committing.
How is Due Diligence used in practice?
The 30-day due diligence period covered inspections, lease audit, and environmental review.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.