Property Owners Protect Yourself from Environmental Issues
(Allenwood, NJ) – If you’re involved in (or planning to be involved in) a real estate transaction, the entire deal could be delayed due to potential environmental issues. That’s why conducting a thorough due diligence assessment is critical! Without one, you could be held liable for any previous environmental issues (and cleanup costs) at the site.
The Environmental Protection Agency (EPA) has set the standard for “All Appropriate Inquiries” and a Phase I Environmental Site Assessment is the evaluation needed to conduct such an analysis into the environmental condition of commercial properties and / or sites that use federal grant money. Phase I’s, as they are commonly called, help landowners receive liability protection should contamination occur in accordance with the Comprehensive Environmental Response, Compensation, & Liability Act (CERCLA), also known as the Superfund Act. If the evaluation is not performed, you could lose your right to defend yourself against future liabilities.
“Environmental issues are so complex, span so many areas and involve so many regulatory agencies that having a firm experienced in providing environmental investigations is critical” said Victor Coppola, Environmental Planner. “There is real value in being able to assess ones potential environmental risk before there are no other options other than clean up costs.”
GreenWorks, LLC, specializes in conducting Phase I investigations on behalf of real estate transactions, mortgage divestiture and financial institutions. “We have the tools and expertise to effectively investigate your property and the connections to help protect you against liabilities if they arise” said Nick Coppola, Principal Landscape Architect. “Our comprehensive environmental services also include site remediation activities if need be.”
Have questions about Phase I due diligence assessments? The highly qualified environmental professionals at GreenWorks can help ensure that you comply with federal and state standards while assisting you in the completion of your property purchase or sale. Call us today at 732.223.2073 and we’ll set up a free, no-obligation consultation. We’re confident that we can provide the environmental industry expertise needed to help you successfully navigate your next real estate transaction. You can find out more about GreenWorks at greenworksllc.com.
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