Designated Investigation Agency | Investigation to Prevent Violations of Disclosure Obligations and Supplement Important Explanations
Optimize the seller's disclosure obligations and alleviate the buyer's concerns! Enhance the safety of land transactions through accurate due diligence based on historical land surveys before the contract.
In real estate transactions, the seller's duty to disclose and issues related to the history of land use carry the risk of developing into significant legal disputes after the contract is signed. Particularly, unseen soil contamination underground is the greatest concern for buyers and a major factor that hinders safe transactions. This explanatory document details the effectiveness of "pre-contract historical investigations" that real estate brokerage companies can use to quickly alleviate customer anxieties and facilitate smooth land transactions through honest information disclosure. GeoTech, a specialized organization designated by the government, prepares objective evaluation reports that significantly enhance the reliability of important matter explanations by analyzing and scrutinizing past public notification documents and detailed land histories from multiple perspectives. Furthermore, it covers methods for building scientific evidence through voluntary sampling investigations when contamination risks arise, as well as how to incorporate defect warranty clauses into contracts. This practical guide emphasizes thorough due diligence as a brokerage company, ensuring reliable contract practices while protecting the asset values of both parties.
basic information
This service, provided by GeoTech Co., Ltd., a designated investigation agency under the Soil Contamination Countermeasures Act, offers historical investigations and voluntary soil contamination surveys based on objective risk assessments. We comprehensively collect and scrutinize multilayered historical data, such as past public notification documents, aerial photographs, and residential maps, to create evaluation reports that support the proper fulfillment of the seller's disclosure obligations. Additionally, if concerns about contamination are identified, we promptly conduct Phase 2 sampling investigations in accordance with official methods to establish the contamination status underground as accurate numerical data. As supplementary materials for important matters explanation, we provide high-precision deliverables that completely alleviate the buyer's concerns and strengthen the accountability and credibility of the brokerage company.
Price information
Price range
P3
Delivery Time
P4
Model number/Brand name
Geographical and historical survey
Applications/Examples of results
In the practical aspects of land transactions, factory site sales, and commercial property distribution handled by real estate brokerage companies, it is utilized as supplementary material for due diligence and important matter explanations before contract signing. For sellers, it is proposed as a means to avoid liability risks after sale through the proper management of disclosure obligations, while for buyers, it serves as a method for early detection of hidden defects and alleviating concerns before asset acquisition. Additionally, it is used as neutral evidence in the formulation of specific defect warranty clauses based on accurate numerical data and in negotiations for the proper adjustment of sale prices, widely utilized with the aim of promoting reliable transactions while safeguarding the social credibility of the brokerage company itself.
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