Vendor surveys

This section outlines the processlimitations, and key legal issues surrounding vendor surveys.

A ‘vendor survey’ is the term commonly used to describe a technical due dilligence (TDD) survey commissioned by a vendor in preparation for the disposal of a built asset. The survey is usually funded by the vendor for the benefit of an eventual purchaser.

Vendor survey reports are rapidly becoming the norm in commercial grade property but have not been widely accepted in the residential property market. As such, the information covered in this section relates to commercial property vendor surveys only, typically for office, retail/leisure, industrial and grouped residential in the form of student accommodation, senior living and build to rent/private rented sector (PRS).

This section is maintained by Chris Gibbons, Partner at Tuffin Ferraby Taylor LLP.