Environmental Tenant Assessments - Take Control of Your Liability

Monday, June 28, 2010 by August Mack Environmental, Inc.

Owning a commercial or industrial building can present unexpected environmental liabilities. A property owner is ultimately responsible for the environmental condition of the property which includes contamination caused by past or current tenants. Most of these environmental concerns and potential liabilities are unknown until a Phase One Environmental Site Assessment is performed. Unfortunately, a Phase 1 Site Assessment is typically driven by a property transaction and not by an expired lease. That does not mean an evaluation of your tenant’s hazardous material handling practices cannot be performed. This can be done quickly and in a cost-effective manner by having an Environmental Tenant Assessment performed. This assessment can be performed prior to leasing a space to a tenant in order to evaluate the environmental risks associated with that tenant and their operations or towards the end of a lease term prior to the tenant vacating the premises to evaluate what environmental liabilities have been left behind. This will provide the valuable information you need to take control of your environmental liability.

To learn more about environmental tenant assessments, click here to read an article written by one of the environmental assessments consultants at August Mack Environmental.

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