Phase I Site Assessment
Transaction Screen ReportThe risks associated with acquisition of commercial properties have increased over the last twenty years due to stricter pollution laws. The purchase of contaminated property can lead to costly liability expenses, even if the contamination occurred years before the purchase. The prudent investor must examine potential acquisitions of pollution liability prior to the purchase.
We work on behalf of all parties involved in real estate transactions, buyers, sellers, and lenders. To ensure our work meets the highest standards, we follow the industry-recognized ASTM guidelines. We understand the importance of providing accurate information while facilitating business needs and we strive to identify real environmental concerns.
A Transaction Screen Process is often used to satisfy the initial environmental inspection requirements of a commercial or residential loan package. This preliminary inspection of the property assesses any environmental concerns.
through historical record
review and owner/
operator questionnaires.
through visual inspection
of the property.
extensive written site
evaluation and report.
tenant questionnaire
government records
sources