Short answer: Elevator due diligence is a pre-acquisition review of a building's vertical transportation: equipment condition, certificate and violation status, maintenance contract terms and expected capital costs. IEI delivers it on your closing timeline so buyers and lenders can price elevator risk before they commit.
What we review
- Certificate of operation status and open violations for every unit
- Equipment age, condition and remaining useful life
- Maintenance contract terms, renewal dates and assignability
- Near-term code upgrades and modernization costs
Frequently asked questions
How fast can an elevator due diligence report be completed?
It depends on the number of units and access, but we work to your closing timeline. Tell us your deadline when you request a proposal.