Real Estate Due Diligence Process in International Real Estate Transactions in Latvia

• Authors: Janis Viesturs , Armands Auziņš
• Languages of publication: EN

Abstracts

EN

International real estate transactions, especially in countries with different legal systems, are characterised by the fact that each transaction is unique in its complexity, confidentiality, different risk factors, and the limited availability of information regarding the real estate. The Due Diligence (DD) process is an instrument that can help avoid or at least reduce risks and assist in making important decisions regarding real estate transactions. The term “Due Diligence” has a number of different meanings. The aim of this paper is to determine the etymology of this term and to identify its most common contemporary meaning. Each DD process is to be recognised as a project requiring management because of the potentially high number of individuals that could be involved.

Keywords

EN

Due diligence; due diligence framework; real estate investigation; real estate transactions; vendor due diligence

• Publisher: Sciendo
• Journal: Baltic Journal of Real Estate Economics and Construction Management
• Year: 2015
• Volume: 3
• Issue: 1
• Pages: 91-102

Dates

published

2015-12-01

online

2016-03-05

Contributors

author

Janis Viesturs

• Riga Technical University, Latvia

author

Armands Auziņš

• Riga Technical University, Latvia

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Identifiers

DOI

10.1515/bjreecm-2015-0010