Challenge
I am looking at buying a Commercial Property and have been told to complete a Phase-I Environmental Site Assessment. What is a Phase-I ESA?
Solution
The Phase I ESA includes four components:
- Review of records, including historical documents and aerial photographs relating to previous uses of the property and state and federal databases of known environmental problems in the vicinity;
- A site visit to identify any evidence of past environmental problems, view current uses of the property and adjacent properties, and inspect buildings, structures and materials on site;
- Interviews with current owners and occupants, state and local officials, and community members with information and knowledge of the property previous uses; and
- A report the documents the finding, opinions, and conclusions, including Recognized Environmental Concerns (RECs), if identified.
Click here for more information on the Phase-I Environmental Site Assessment Process |
