What is an important due diligence step when dealing with MUR buildings?

When dealing with Multiple Unit Residential (MUR) buildings, one of the most important due diligence steps is to review the fire marshal records. This is crucial because fire safety is a significant concern in residential buildings that house multiple tenants. The fire marshal records provide vital information on inspections, compliance with fire codes, any history of violations, and fire safety measures in place. Ensuring that the building adheres to fire safety regulations protects both the residents and the property owner from potential liabilities and legal issues related to safety standards.

The other options, while relevant in different contexts of property assessments or transactions, do not specifically address the pressing safety concerns associated with residential buildings occupied by multiple families. Checking for employment liens or verifying the vendor’s markup history might relate to financial or operational aspects, while assessing market value pertains more to investment considerations rather than immediate safety requirements. Thus, reviewing fire marshal records stands out as a key component of due diligence in this context.