Vapor Intrusion: Is Your Data Telling You The Truth?
 

Vapor Intrusion occurs when there is a migration of vapor-forming chemicals from any subsurface source into an overlying building.

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Upcoming Webinars

Don't Shed a Tear for Tier IIs: An Overview of Emergency Planning and Community Right-to-Know and SARA III Reporting
Vapor Intrusion: Is Your Data Telling You The Truth?
Thanks for the Many (Environmental) Memories
September 12th Webinar: So Much to Do, So Little Time: Options for Environmental Due Diligence

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Amidst the moving parts, environmental due diligence is an important piece, and which type of report is right for a transaction is not always one-size-fits-all.  There are multiple different options available for environmental due diligence, each varying in their complexity and the time it takes to complete them.  Frequently, the type of assessment is dictated by the type of property and the purchase price.  The three most common types of assessments are Desktop Review, Transaction Screen, and Phase I Environmental Site Assessment.  Knowing the differences between the report types can not only help the transaction stay on track, but make sure the party ordering the report is getting the most value out of their due diligence. 

Knowing what options exist, and what goes on behind the scenes to provide these reports is valuable information.  While timelines to complete these assessments can vary from one to three or more weeks, engaging your consultant as early in the process as possible is always advisable.  Based on the findings of the report, environmental due diligence can quickly escalate.  For example, a Desktop Review with a rating “High Risk” may go on to complete a Phase I to find out more information, which will definitely take more than the original allotted time for the Desktop Review.  A good consultant can help you explore all available options to find which report is best to satisfy you (or your lender’s) risk tolerance and set realistic expectations for the process. To register for this webinar, click here

Post Date: 8/16/2018



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