Phase 1 ENVIRONMENTAL Site Assessment: 6 Things You Should Know скачать в хорошем качестве

Phase 1 ENVIRONMENTAL Site Assessment: 6 Things You Should Know

Don't forget to explore Our Unbeatable $1 Down Land Listings + Vacation Giveaway! https://land.gokcap.com If you’re new to investing in property, you may not realize how important it is to protect yourself against potential environmental liability with a Phase 1 Environmental Site Assessment. This first became an issue in 1980 when Congress passed the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), also known as Superfund. It was in response to growing concerns over health and environmental risks posed by hazardous waste sites. CERCLA authorizes the U.S. EPA to respond directly to releases or threatened releases of hazardous substances that may endanger public health or the environment. They could also seek reimbursement of cleanup expenses from potentially responsible parties (PRPs) and order them to abate releases or threatened releases. The party responsible for contamination must pay for the cleanup work performed at a Superfund site, and this could extend to those that currently own or operate the site (even if they did not personally cause the contamination). This meant that buyers, lessors, and even lenders became increasingly more wary of becoming liable for issues pertaining to the environment. This is where a Phase I Environmental Site Assessment (ESA) comes in. It helps you gather sufficient information to develop an independent and professional opinion about the environmental condition of the property. It’s part of your environmental due diligence as a land buyer and helps you identify whether there is actual or potential environmental contamination. In this video, we’ll discuss the top things you need to know about a Phase 1 ESA. Let’s get started. Disclaimer: we are not lawyers, accountants or financial advisors and the information in this video is for informational purposes only. This video is based on our own research and experience and, while we do our best to keep it accurate and up-to-date, but it may contain errors. Please be sure to consult a legal or financial professional before making any investment or purchasing decisions.