02 · Due Diligence
Elevator Due Diligence Review
Elevators are one of the largest capital items in a building, and the costs are easy to miss in a purchase. A due diligence review tells you what you are buying before you close.
What clients usually ask
- What condition are the elevators in?
- What will we have to spend in the next few years?
- Is the maintenance contract one we want to inherit?
What’s included
What you get
- 01
Condition review
The current state of each elevator and its main components.
- 02
Remaining life and obsolescence
How long the equipment can reasonably keep running, and whether parts are still available.
- 03
Upcoming capital costs
Modernization or major repair costs you should expect, and roughly when.
- 04
Maintenance contract review
What the current contract covers, and anything that should be raised before closing.
Who we work with
- Building buyers and investors
- Lenders and their advisors
- Real estate and legal teams
Questions
Common questions
How quickly can you turn around a due diligence review?
Tell us your closing date when you call. We will confirm what is realistic for your building before we start.
Next step
Talk to an independent elevator consultant.
Tell us about your building and what is going on with the elevators. Our team will review it and get back to you to talk it through.