Escrow & Title
In a Texas commercial real estate transaction, a 'due diligence period' (inspection period) typically allows the buyer to:
ANegotiate a lower price after signing
BConduct all necessary inspections, investigations, and reviews, with the right to terminate for any reason found unsatisfactory✓ Correct
CExtend the closing indefinitely
DRequire the seller to make all repairs identified
Explanation
A commercial due diligence period allows the buyer to investigate all aspects of the property: physical inspections, environmental assessments, title review, lease review, zoning verification, survey, and financial analysis. If any aspect is unsatisfactory, the buyer typically has the right to terminate and receive their deposit back during the due diligence period.
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