Designated Investigation Agency | Historical Research to Mitigate Risks in Land Transactions
Geographical and historical survey
Detect hidden defects in land transactions before the contract! A groundbreaking historical investigation that supplements important explanations to prevent customer troubles after the handover.
In real estate transactions, the discovery of significant defects such as soil contamination after the handover can trigger major legal and financial disputes for both the seller and the buyer. Particularly, "hidden defects" that the seller may not even be aware of are often overlooked with standard land inspections. This document clearly explains the importance and utilization of "historical land investigations before contracts" to ensure that real estate brokerage companies can effectively prevent customer troubles and lead safe land transactions. By having a neutral and rigorous designated investigation agency analyze the past usage history of the land and public documents from multiple perspectives, it becomes possible to visualize potential underground risks in advance and strongly supplement the explanation of important matters. Furthermore, it covers the establishment of numerical data through voluntary sampling investigations in cases of contamination concerns and the methods for concluding defect liability clauses in sales contracts. This book is packed with professional contract practices aimed at enhancing the risk management and social credibility of brokerage companies while providing absolute peace of mind for both sellers and buyers.
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basic information
This service, provided by GeoTech Co., Ltd., a designated investigation agency under the Soil Contamination Countermeasures Act, offers high-precision historical land surveys and voluntary soil contamination investigations to enhance the safety of land transactions. It comprehensively collects and analyzes multilayered data such as past land use history, public notification documents, residential maps, and aerial photographs to create an objective risk assessment report. Additionally, if contamination concerns are identified, a Phase 2 sampling investigation compliant with official methods will be promptly conducted to establish reliable numerical data evidence. We provide highly reliable deliverables as supplementary materials for important explanations that support the practical work of brokerage firms, helping to prevent legal and financial troubles before they arise.
Price information
Price range
P3
Delivery Time
P4
Applications/Examples of results
In the real estate brokerage business, this will be utilized as supplementary materials for the explanation of important matters before contracts and as part of the sales brokerage practices for land, factory sites, and commercial properties. For sellers, it serves as risk management to prevent claims for damages after the sale and long-term legal disputes. For buyers, it is proposed as a means to uncover hidden defects before asset acquisition and to confirm safety. Additionally, it can be used to formulate defect liability clauses in sales contracts based on investigation results and as objective evidence in price negotiation, thereby widely contributing to building trust with clients, preventing troubles for brokers, and facilitating smooth transactions.
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