Legal
Asbestos survey
Investigation into asbestos in older buildings.
For commercial buildings dating from before 1994, an asbestos survey is often part of due diligence, particularly where there are corrugated sheet roofs. The presence of asbestos affects the valuation and may entail removal costs.
See also
Advice on selling or lettingFrequently asked questions about Asbestos survey
What does Asbestos survey mean?
Investigation into asbestos in older buildings.
How does Asbestos survey work in commercial real estate?
For commercial buildings dating from before 1994, an asbestos survey is often part of due diligence, particularly where there are corrugated sheet roofs. The presence of asbestos affects the valuation and may entail removal costs.
Related terms in legal
ROZ model
Standard commercial lease agreement.
Zoning plan / environmental plan
Permitted use of land and buildings.
Environmental permit
Permit for construction or change of use.
Break option
Right to terminate a lease early.
Chain clause
Obligation passed on to a subsequent owner.
Right of superficies
Right to have a structure on someone else's land.
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