Who All Can Benefit From Environment Due Diligence?

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When making a commercial land transaction, hidden environmental liabilities can be annihilating, sometimes penalizing up to tons of dollars. In case you're going to make a noteworthy land transaction such as buying, sale, rent, or refinancing, at that point, environmental due diligence will be a key instrument for controlling the risks and staying away from liabilities.

 Environmental due diligence is a formal procedure that evaluates the site area for potential danger of environmental contamination, for instance, soil or groundwater contamination. These standards for conducting environmental due diligence are proposed by the Environmental Protection Agency (EPA).

 Protecting yourself with Environmental Due Diligence: 

 Appropriate investigations made through environmental due diligence can defend you from the conceivably devastating environmental liabilities under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), regardless of whether contamination is brought into being after the purchase.

 Benefiting from the ASTM environmental site assessment

 The Transaction Screen Assessment, a Phase I Environmental Assessment Report, is the most popularly accepted report by lenders. By identifying and figuring out the environmental concerns related to a property, buyers can also benefit from the environmental due diligence. This can help the buyers that they get the best value after the assessment can negotiate sufficient reduction in the price of the property.

 Along these lines, make sure you get your due diligence, early, and done well.

 At Fulcrum, we are prepared to develop and actualize an environmental due diligence strategy that gets you both protection and negotiation for buyers. If you are interested in knowing how Fulcrum can help you with environment due diligence including phase 1 and phase 2 environmental site assessments, you can visit our website https://www.frenviro.net/ or contact us at 800-385-7105 to know more about our services.

Location: 517 S Ivy Ave, Monrovia, CA 91016, USA

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