Property Condition Assessments
The Property Condition Assessment (PCA) report is prepared in accordance with the industry standard ASTM-E-2018-08 to determine the general existing conditions of the building's systems including structural, plumbing, heating and ventilation, air conditioning, electrical, fire protection, finish materials, exterior facades, roof, site amenities, general ADA compliance and vertical transportation. This information is used to estimate the funds that should be reserved for repair of any short-term physical deficiencies or deferred maintenance on a priority basis.
Why work with First American?
- Proprietary cost analysis formulas and the most up-to-date schedule of unit construction costs ensure a more accurate calculation of repairs and maintenance costs.
- First American ensures liability protection and financial strength.
What do we offer?
- Indicates the possibility of an existing release, a past release, or threat of release of hazardous substances or petroleum products into structures on the property or into the ground, groundwater or surface water of the property.
- Provides safe harbor protection if the property is found to be contaminated after the transaction is completed, qualifying the user(s) for one of three defenses: Innocent purchaser defense, adjoining property owner defense and bona fide prospective purchaser defense.
Visit Product Website
First American Commercial Due Diligence Services
First American Commercial Due Diligence Services
http://www.firstamcds.com
Call
1.405.701.1082
Email a Product Specialist
krfrank@firstam.com
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