Phase I Environmental Assessment
Phase I Environmental Site Assessments are completed to satisfy
the requirements of the Innocent Landowner Defense to liability imposed by the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). Phase Ones generally are completed for businesses which are involved in the sale, purchase or lease of industrial, commercial and agricultural properties. Phase Ones often also are required by lenders in order to assure that properties do not possess environmental conditions that could diminish the value of the property, the ability of the borrower to repay, or to establish baselines to allocate responsibility for clean-up costs. Although mainly used in commercial property transactions we also make a Residential Phase I Enviromental Site Assessment available for residential property purchasers.