Phase I Environmental Site Assessment (ESA)
A Phase I ESA is the first step in environmental due diligence. It is a thorough review of a property's historical and current use to identify potential environmental liabilities. It includes:
- A detailed site inspection to observe existing conditions and potential sources of contamination.
- Review of historical records, including aerial photographs, land use records, and previous environmental reports.
- Consultation with regulatory agencies to identify any recorded environmental concerns.
- Interviews with current and past owners, occupants, and local and government authorities.
- A complete report summarizing findings and identifying Recognized Environmental Conditions (RECs).
