Rental Property Due Diligence Checklist
Generate a due-diligence checklist for a rental acquisition: seller documents, inspections, financial checks, title and zoning items, with deadlines.
New Added
Use it when
Avoid surprises during the inspection/option period by requesting the right documents and inspections on day one.
Not for
Legal or title review itself. Use a real estate attorney and title company.
The prompt
Fill in the variables (optional)
Type below and the prompt updates. Anything you leave blank stays as a {{variable}} for you to fill in later. Nothing you type leaves your browser.
Type, age
Tenant status
Loan type
Days
Known issues
Create a due-diligence checklist for this acquisition. Property: {{property}} Occupancy: {{occupancy}} Financing: {{financing}} Diligence period: {{period}} Special concerns: {{concerns}} Organize by: DOCUMENTS TO REQUEST FROM SELLER (rent roll, leases, deposits held, T-12, utility bills, service contracts, permits, insurance claims history, etc.) · PHYSICAL INSPECTIONS (general, sewer scope, roof, HVAC, pest, others relevant to age/type) · FINANCIAL VERIFICATION (estoppels, bank deposits vs. rent roll, tax bill, insurance quote) · LEGAL/TITLE/ZONING (title commitment, survey, zoning/rental registration, code violations, HOA docs and rental restrictions) · TENANT TRANSITION (deposit transfer, notices, keys). For each item: Item | Why it matters | Who provides | Target day (Day 1 = contract acceptance). End with the top 5 red flags that should trigger renegotiation or walking away.
Variables
| Variable | What to enter | Example |
|---|---|---|
{{property}} | Type, age | fourplex built 1972, each unit 2BR/1BA |
{{occupancy}} | Tenant status | 3 of 4 units leased; 1 vacant |
{{financing}} | Loan type | DSCR loan, 25% down |
{{period}} | Days | 15-day inspection period, 30-day close |
{{concerns}} | Known issues | galvanized plumbing possible; seller self-manages |
Example output
Illustrative output using the example values. Your results will vary by AI tool and inputs. All names and details are fictional.
DOCUMENTS TO REQUEST | Item | Why | Who | Day | |---|---|---|---| | Rent roll + all leases | Verify income and terms | Seller | 1 | | Security deposit ledger | Deposits transfer at closing | Seller | 1 | | T-12 income/expenses | Validate NOI | Seller | 2 | | Tenant estoppel certificates | Confirm rent, deposits, no side deals | Tenants via seller | 5 | ... TOP RED FLAGS: rent roll doesn't match bank deposits; unpermitted unit work; sewer line failure...
Tips
- Paste the checklist into a project tool and assign owners.
- Pair with Lease Abstract Extractor for the seller's leases.
Works in
Don't paste anything you're not allowed to share (SSNs, bank details, private tenant records) into an AI tool. Check your company's AI policy.
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