When properties exchange hands, there is a level of responsibility the new owner must consider. Many times new owners are unaware of the potential environmental cost and liability when acquiring a new property or facility.
Environmental due diligence includes understanding the potential environmental liability pertaining to state and federal regulations. An environmental site assessment report can help reveal potential or existing environmental contamination liabilities. It helps identify both the underlying land as well as physical improvements to the property.
If the previous owner kept detailed records of the happenings on-site, your job as the new owner could be much easier. Unfortunately, this is not always the case and it becomes necessary to call in the professionals to 'dig a little deeper.'
Environmental due diligence includes understanding the potential environmental liability pertaining to state and federal regulations. An environmental site assessment report can help reveal potential or existing environmental contamination liabilities. It helps identify both the underlying land as well as physical improvements to the property.
If the previous owner kept detailed records of the happenings on-site, your job as the new owner could be much easier. Unfortunately, this is not always the case and it becomes necessary to call in the professionals to 'dig a little deeper.'
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