Phase 1 Environmental Site Assessment
Environmental Site Assessments
A Phase 1 Environmental Site Assessment (ESA) is a standard method for protecting property owners, property investors, and managers from environmental liability. An ESA is a baseline assessment for controlling environmental liability for lenders, buyers, insurers, and investors demonstrating their due diligence. Once a Phase 1 assessment is complete the purchaser or the bank qualifies for the CERCLA Innocent Landowners Defense designed to allow the owner of the property to defend against liability of hazardous substances placed by a third party. Environmental assessments are in the best interest of protecting today's lender, buyer, and seller.
Potential Environmental Hazards
- Lead
- Asbestos
- Radon
- Formaldehyde
- Electromagnetic Fields
- Pesticides/Herbicides
- PCBs
- Above and Underground Storage Tanks
- Wastewater (Drains)
- Hazardous Waste
- Other