A phase I assessment is often a vital step in real estate transactions, and clients can count on our team to perform it.
Before a piece of land can have a building constructed on it, the property may need to undergo certain testing and inspection processes. These steps determine whether the land is potentially contaminated, which would require further assessment and cleanup. The process is often referred to as a phase I assessment or environmental site assessment (ESA).
Before purchasing or building on a potentially risky piece of land, an individual should ensure the completion of a phase I assessment. Those in the West Palm Beach, Florida area can rely on our team at Coastal Air Assessments to perform this essential task.
A process that resembles the current phase I assessment has been in place since the 1970s. Potential real estate buyers chose to have properties assessed and tested when they had a higher risk of being contaminated. If a property had a history of toxic chemical disposal or use, those considering buying it would likely have it tested. The demand increased for such an assessment in the following years, particularly in response to the passing of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA). Performing a phase I assessment created a safe harbor for the purchaser, potentially holding the seller, lessor, or lender responsible to remediate the residues of hazardous substances.
A phase I assessment is often a vital step in the real estate process, and clients can count on our team to perform it. For more information about this service and the other testing and assessment services we offer, reach out to us today.