Selling process
What Happens During RV Park Due Diligence?
Due diligence is the period after a purchase agreement is signed when the buyer verifies the property. It is where transactions most often stall, almost always over something that could have been disclosed earlier.
By Titan Property Investors · Published 2026-03-28 · Updated 2026-08-18
Financial verification
The buyer ties reported revenue to bank deposits and tax filings, reviews the rent roll against actual collections, and tests expense assumptions against bills.
Physical and infrastructure review
- Walk-through of sites, pads, roads, and buildings
- Electrical, water, and wastewater system assessment
- Septic inspection or pump-and-inspect where applicable
- Well flow and water quality testing where applicable
Title, survey, and legal
- Title commitment and exception review
- Survey, boundary, and encroachment review
- Zoning and land use verification
- Review of tenant agreements, employment arrangements, and vendor contracts
Environmental
A Phase I environmental site assessment is common on commercial property, particularly where fuel storage, prior industrial or agricultural use, or dumping history exists. A Phase II is ordered only if the Phase I identifies a concern.
How sellers keep it smooth
- Disclose known problems before diligence begins
- Respond to document requests promptly and completely
- Give reasonable site access with clear scheduling
- Keep operating the park normally
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