Why you need Phase 1 Environmental Site Assessment California?
A phase 1 environmental site assessment is commonly known as an ESA or Phase I ESA, is performed to examine the current and past utilization of a property as part of a commercial real estate transaction. The report intends to assess if current or historical property uses have affected the soil or groundwater beneath the land and could pose a threat to the atmosphere and/or human health. If these problems are detected, it presents a potential liability for the lender or owner, as well as affecting the value of the property. A phase 1 environmental site assessment performed before the end of a real estate transaction can be done to satisfy the demands of CERCLA’s (Comprehensive Environmental Response, Compensation and Liability Act) innocent landowner defense under All Appropriate Inquiries (AAI). Phase 1 environmental site assessment California reports can be created on almost every type of properties such as commercial land, vacant land, agricultural, multi-family residen...