Environmental Phase 1 Site Assessment and Environmental Due Diligence
While acquiring or selling real estate, Environmental considerations are most important to consider. Due to this, due diligence, environmental site assessment have become regular in such transactions. The purchaser or seller needs to conduct environmental due diligence and ascertain the seller's property value. Considerations of site owners about site assessments and environmental due diligence are quite different than those of a purchaser. Owners are more curious about the confidentiality of information developed and reporting obligations that might result from the newly acquired information. Purchasers are concerned with knowing environmental costs and qualifying as honest landowners concerning possible liability following the Comprehensive Environmental Response, Compensation, and Liability Act. The buyers of business assets and lenders are concerned with carrying on and expanding business services. Environmental due diligence is required to address these issues. Site ass