Due diligence form

[FiveMoreMinutesPlease]

Hi, has anyone bought a property owned by an company? We've put an offer in on a house and the vendors are trying to buy a house owned by an investment company. The offers haven't been accepted yet but apparently the company have to do a due diligence form. Does anyone know what this means?

They are definitely buying a residential property? Unless it's a commercial property then all the investment company vendors are doing is filling in the property information forms. There isn't a 'due diligence form' as such, it's just the process of providing and checking all the related information. I work for an in-house lawyer in a plc and due diligence is the process we go through when we buy another business - checking the financial info, all the contracts they have, property they hold, etc.