Environmental Compliance 101

When a property is undergoing a transaction (e.g., sale, refinance, foreclosure), a Phase I Environmental Site Assessment (ESA) is conducted to identify any potential liabilities associated with past or present use of the property. The industry standard for performing Phase I ESAs is chiefly focused on issues of property use that could result in contamination of the site. However, there are other issues not necessarily related to environmental contamination, but may still represent a significant financial liability when dealing with property transactions. A limited compliance audit is a review of a company's operations and processes for the purpose of assessing compliance with environmental rules and regulations designed to be completed in a short period of time for a relatively low cost.

Register for this August 16th webinar.