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Baltic Journal of Real Estate Economics and Construction Management

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

Janis Viesturs
  • Riga Technical University, Latvia
  • Email:
/ Armands Auziņš
  • Riga Technical University, Latvia
  • Email:
Published Online: 2016-03-05 | DOI: https://doi.org/10.1515/bjreecm-2015-0010

Abstract

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

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About the article

Published Online: 2016-03-05

Published in Print: 2015-12-01



Citation Information: Baltic Journal of Real Estate Economics and Construction Management, ISSN (Online) 2255-9671, DOI: https://doi.org/10.1515/bjreecm-2015-0010. Export Citation

© 2016. This article is distributed under the terms of the Creative Commons Attribution 4.0 Public License. (CC BY 4.0)

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