Real estate value assessment
The results of extensive inspections of buildings and technical equipment are often important criteria during the decision-making stages of purchasing a business in the hotel and restaurant industry. The following information/documentation are necessities for purchasing/selling a hotel or restaurant business:
- Up-to-date certificate of title
- Up-to-date extract from the cadastral land register, including cadastral plan
- Up-to-date information about obligations to construct and maintain, and any easements regarding the property
- Up-to-date extract from the register of contaminated sites
- Attestation of current municipal allotment costs
- Object specifications
- Building application documents, including all plans
- General views, floor plan and property map
- Pre-inspection/pre-acceptance reports, including information about architects and companies involved in project
- Expert’s report about fire control/prevention/protection, soundproofing, heat insulation, power demands/requirements and structural integrity
- Overview of possible warranty for defects, debt guarantees or guarantees with deadlines
- Documentation of subventions for investments in the hotel
- List of all existing insurance policies regarding any buildings and the hotel company
- Business license and restaurant related permits for the hotel, including advice of change, updates etc.
- Building permits, final acceptance documents, proof of permitted parking spaces
- Composition of building design/construction/planning material if available
- Documentation of possible building contamination/hazardous substances.