Property Assessments
Property Assessments servicesPhase I Environmental Site Assessments (ESA): identify potential environmental liabilities before a property transaction through historical records review, site inspections, and interviews.
Phase II Environmental Site Assessments: conducted if Phase I identifies potential contamination, with soil, groundwater, and building material sampling to determine its extent.
Phase III Environmental Site Assessments: remediation planning and implementation if Phase II confirms contamination, so the site is cleaned up to regulatory standards.
When are these services needed?
- Before purchasing or refinancing a property, to identify environmental liabilities that could affect its value or usability.
- During development or redevelopment, to comply with environmental regulations and avoid costly surprises.
What is the value of these services?
- To protect investors and lenders from environmental liabilities and financial risk.
- To comply with environmental laws and regulations and avoid fines and legal action.
- To support smooth, informed property transactions and development.
