Environmental Due Diligence Process and Considerations in Purchase-Sale and Leasing Scenarios
Articles/by Trace Associates
/inDue diligence environmental site assessments (ESAs) are an essential component in the process of purchasing, selling, or leasing property. These assessments play a crucial role in identifying potential environmental liabilities, thereby reducing the likelihood of costly disputes and mitigating the risk of financial or legal repercussions. This article delves into the importance of conducting ESAs, highlighting the common sources of contamination that may be encountered. It also provides an overview of the comprehensive contaminated site assessment process, detailing the steps involved. Additionally, the article offers guidance on what clients should consider when selecting a firm to perform an ESA, ensuring they engage a reputable and experienced provider.