Replacement Property Verification

Replacement property verification confirms title status, survey accuracy, and lease terms for a candidate before it is formally identified, closing the gap between what marketing materials describe and what county records, a current survey, and the actual lease document show. A written identification submitted to the qualified intermediary needs to describe the property with enough specificity, typically a legal description or unambiguous street address, that there is no ambiguity about which property was identified, and that description needs to accurately correspond to a property the investor can actually acquire on the terms presented, which is exactly what verification confirms before the forty-five day window closes.

Title and Survey Confirmation

Title review checks current ownership, outstanding liens, easements, and any recorded encumbrances that could affect the investor's ability to take clear title or that could complicate financing. A property with an unresolved lien from a prior owner, an unrecorded easement affecting access, or a boundary dispute is not disqualifying on its own, but it changes the timeline and negotiation needed before the property can realistically close, information the investor needs before committing an identification slot to that candidate rather than after. Survey confirmation cross checks the property's actual boundaries and existing improvements against what is represented in marketing materials and the purchase agreement, catching discrepancies such as an encroachment from a neighboring property or square footage that does not match what was advertised, both of which affect the property's real value and usability.

Lease Validation Before Identification

For income producing replacement property, lease validation confirms the actual lease document matches what has been represented about rent, escalation schedule, remaining term, renewal options, and landlord versus tenant responsibilities, since marketing summaries sometimes simplify or, less commonly, misstate lease terms in ways that only become apparent when the actual signed lease is reviewed directly. We complete this verification on an accelerated basis so findings are available while time remains in the identification window, allowing the investor to proceed with confidence, negotiate a correction if a discrepancy is found, or redirect to a different candidate if verification reveals a problem serious enough to change the underwriting. This service does not provide legal advice, and title, survey, and lease documents should ultimately be reviewed by the investor's attorney before closing, even after this verification is complete.

Verification matters most for candidates sourced through off market channels or smaller, privately held sellers, where the documentation available upfront tends to be less standardized than what a large institutional seller or a broker-marketed listing typically provides. A property marketed by an experienced net lease brokerage usually comes with a clean title report, current survey, and complete lease file already assembled, while a smaller transaction may require more legwork to pull together the same documentation, and gaps in that documentation are exactly where discrepancies tend to surface. We flag which candidates carry more documentation risk based on how the property is being marketed and prioritize verification accordingly, so an investor comparing a well-documented institutional listing against a promising but less formally marketed opportunity understands the relative diligence burden of each before deciding where to spend identification and closing effort. Verification findings are also organized in a format the qualified intermediary can accept as supporting documentation for the written identification, so the same review that protects the investor from a costly surprise also strengthens the identification record itself, reducing ambiguity if a question about the identified property's description ever arises later in the exchange. This is particularly important for investors identifying under the two hundred percent or ninety five percent rule with several candidates in play at once, where a clear, verified record for each property helps the qualified intermediary and, later, the investor's CPA reconstruct exactly what was identified and confirmed without relying on memory months after the forty-five day window has closed.