What is Environmental due diligence and Phase I Environmental Site Assessment?

1. 800.385.7105 Fulcrum Resources Environmental C* What is Environmental due Diligence and Phase I Environmental Site Assessment? BY FULCRUM Nationwide Locations Throughout US and Canada Environmental due diligence is a legal procedure that evaluates real estate property for the potential hazard of environmental contamination, including soil or groundwater contamination. Rules for undertaking environmental due diligence are set by the Environmental Protection Environmental experts determine the extent and type of evaluation which varies based on the assets. Agency (EPA).

2. Environmental Due Diligence BY FULCRUM RESOURCES Environmental due diligence can take many forms and will be dependent upon the transaction type, and the environmental risk of the belongings. Examples of due diligence can incorporate Environmental Questionnaires, Screens, Internal Environmental Screens, Phase I ESAs, and Phase II ESAs. Transaction What is Phase I ESA and why is it required? "At Fulcrum, we value client relationships and business objectives necessary to achieve top quality and timely delivery of services." A Assessment (ESA) is a method to decide whether real estate asset is contaminated or not. Before the acquisition or occupancy of an asset, the buyer or tenant has the option to complete a Phase I ESA to analyze the historical use of that property. Phase I ESA historical resources, consisting of local, state, and federal records, to know the past usage that could make an environmental change. Phase I Environmental Site ENVIRONMENTAL CONSULTING FIRM utilizes various www.frenviro.net