When one seeks either to purchase or refinance a commercial real estate, one of the important steps in due diligence involves understanding the environmental history of the property. The Phase I Environmental Site Assessment has been considered an important tool for determining potential environmental risks associated with a property. It's more than a formality; it's an integral part of the process for the protection of buyers, sellers, and lenders from financial and legal liabilities. The cost of a Phase I Environmental Site Assessment, factors that […]
