Phase I Environmental Site Assessments (Phase I ESAs) are non-invasive studies to determine the environmental conditions of a commercial property during transfer of ownership or refinancing. This is the opportunity for the purchaser, investor, or financial institution to do due diligence investigations and verify the material facts of a potential investment.
Phase I ESAs are designed to assess potentially hazardous conditions that may affect the sale or refinancing of a property under the Comprehensive Response, Compensation and Liability Act (CERCLA), whereby the results of the assessment creates a safe harbor, known as the "Innocent Landowner Defense", the purchaser and his investors.
The Air Compliance Group, LLC provides its clients with thorough assessments in accordance with the ASTM E-1527-05 and including the following services:
Physical inspection of the property
Interviews of knowledgeable persons
Review of federal, state and local lists of known contaminated sites, hazardous materials users, spills, and storage tanks
Evaluation of the potential effects of adjacent properties
Property history searches at applicable register of deeds offices
Review of existing environmental documents for the property
Interpretation of photographs and maps
Current and past property uses