The potential environmental damage or hazard has the potential to derail the purchasing of commercial property. Therefore, it is the due diligence of the commercial property buyer to check out the land in focus for phase I ESA Ohio. This way the buyers can weigh the potential threat or danger or expenses for the clean-ups.
Several ESA consulting companies aim to save their clients from such dangerous and expensive clean-ups. But, in case, you don’t know who whether you need or not the environmental site assessments Ohio for phase iesa Ohio followed by phase II ESA Ohio, don’t stress anymore! We have got your back!
Read on to know who needs and those who don’t need environmental site assessments in Ohio.
Phase l and phase llassenssement
Phase l: this is an opening phase, where the documentation is examined for the materials used or the products manufactured on the commercial property. It includes site visits, visual inspection, and interviewing the important personnel. When the underground storage tank assessment Ohio results in finding for environmental hazard or damage traces of the land in focus then phase l is followed by phase ll assessment.
Phase ll: furthermore, soil and water testings are performed to get to know the extent of damage and also, the best possible way to remediation or cleaning options available.
Common toxins targeted by ESA
Read the liabilities emerging from an environmental site assessments Ohio:
• Underground storage tanks leakages
• Undocumented landfilling
• Hazardous material dumpings
• Illegally placing drum containing hazards
• Soil or water contamination
• Hazardous solvents
• Harmful petroleum wastes
• Heavy metal impacts
• Asbestos or mold contamination
Who needs to get an ESA?
Anyone who is planning to buy commercial real estate is advised to conduct an ESA. The list includes pretty much anyone:
• banks,
• manufacturers,
• commercial companies,
• holding companies,
• developers,
• contractors,
• architects,
• residential property owners, and
• Private individuals.
Who shouldn’t get an ESA?
In case you have got surplus resources to efficiently deal with financial risks due to pure negligence getting an ESA for the focused commercial real estate. The problem with preventing timely due diligence is that it could crop up anytime in the long run. Thereafter, you could be potential for financial risks including:
• EPA fines,
• medical costs,
• site cleanup, and
• Stratospheric litigation costs. Etc.
So, in case, you are planning to buy a real estate property, connect with a professional to get environmental remediation consulting Ohio today.