| If you plan to purchase, lease, or refinance a commercial or industrial property, you could be liable for pre-existing environmental conditions on the site. These include:
Limit Your Liability To protect yourself and to limit your liability it is highly recommended that you perform a Phase I Environmental Site Assessment (Phase I ESA) of the property in question. A Phase I Environmental Site Assessment satisfies one of the requirements of the Innocent Landowner Defense to liability imposed by the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). Phase I ESAs are ordered by buyers, sellers, brokers, lessees, and lenders involved in the sale, purchase, re-finance or leasing of industrial, commercial and agricultural properties. Phase I ESAs are typically required by lenders in order to assure that properties do not possess environmental conditions that could diminish the value of the property, the ability of the borrower to repay, or to establish baselines to allocate responsibility for clean-up costs. What is a Phase I ESA? A Phase I ESA is a detailed study of the property and surrounding properties including a thorough site inspection, occupant interviews, historical records searches, a study of past land uses, spills, tanks, and other environmental conditions. Gathered information is presented in a written report format. Our Phase I ESAs are conducted by experienced environmental professionals and are performed in general accordance with ASTM Standard E1527-05. |
| What's needed to proceed? Once a study is underway, we'll typically ask you to provide the following data if available: (1) Documents (if available):
(2) Information: We need as much of the following information as available:
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| All Locations: 607-299-4818 |
| COST The cost of a Phase I ESA depends on several factors including:
Typical Phase I ESAs run from $1,700 to $2,400. |