Environmental Issues in Business Transactions – Problems and Practical Problem Solving

Ken Gray, Partner, Pierce Atwood LLP

You’re thinking of buying a property and are advised to do some environmental due diligence.  Why is environmental due diligence important?  Simple:  you can save money and multiple headaches later, preserve the value of the property, and limit your liability under federal and state cleanup programs.  Below is a quick look at some of the recent environmental issues involved in real estate transactions, and some of the practical solutions.

Phase I

The first step of environmental due diligence is often having a Phase I Environmental Site Assessment conducted.  Here are some typical Phase I problems:


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