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Environmental site assessment phase, as we all know, the commonly used term for holding real estate that may or may classify existing environmental contamination liabilities.
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Difference between Phase I And Phase II Environmental Site Assessments Environmental site assessment phase, as we all know, the commonly used term for holding real estate that may or may classify existing environmental contamination liabilities. Address both the underlying land and physical improvements to the property, both phase I and phase II environmental assessment of the environmental assessment continues to be of high importance. Here, in this blog, we want to highlight the main differences between Phase I and Phase II Environmental Site Assessment. Let us know more-UP Performances environmental site assessment is an essential part of due diligence as most of the time, the question of legal liability related to increased environmental problems. The best part is that it helps to prevent damage to property transactions by providing both buyers and sellers with information about potential environmental hazards.
Phase I assessment work on framing the full details such as document and check with the property owners and others to compile information. Phase II go-depth assessment, which includes even analyze samples of soil and water. Phase I Environmental Assessment referred by CERCLA to determine liabilities for environmental contamination of real estate properties. This assessment can identify harmful substances and highlight issues to the landowner and prospective buyers genuine and freeing them from liability. As per the reports Phase I ESA, Phase II ESA may be recommended by the evaluators, and they can perform laboratory tests.
After phase one environmental site assessment for certain risk of potential contamination that requires much more investigation, the evaluators did Reports Phase II Environmental Site Assessment. Phase II ESA will confirm the presence of hazardous materials in the property, helping to protect prospective buyers, lenders, investors or other interested parties in the transaction of environmental liabilities.
Another difference is the Phase II site assessment is undoubtedly more disturbing than Phase I. In Phase I ESA, the evaluators note things like deeds, aerial photographs, surveys, maps, and other important documents and even check records of other properties nearby. While the assessment Phase II will assess the more things like drilling below ground surface, groundwater monitoring well installation, drum sampling, sample of dry wells, floor drains and catch basins, transformer / capacitor samples for polychlorinated biphenyls (PCBs), testing of storage tanks under land and much more. Some more benefits - say if Stage I vapor encroachment determine whether conditions may have on the subject property, Phase II will be highlighted potential corrective actions that may be required to clean the property. We take - Given what the experts suggest, land buyers have many alternatives. They can take the final call on remediating the property for the deal, the finalization of the costing or buy property and start remediation alone. Dealers may need to revalue the value of the property through ESA reports if needed. For environmental site assessment, you can connect with us at Fulcrum. We can give provide an expert assessment in both phases tailored to the specific needs of clients. Both Phase I and Phase II environmental assessments carried out by our environmental professionals trained and experienced frequent across the country. We have the advantage of our competitors as our Environmental Professionals more acquainted with the local geography and local authorities. We will be happy to assist you!