Since 1980, when punitive legislation was implemented, potential environmental liability associated with hazardous material releases has become a matter of utmost concern to parties involved in real estate transactions. Site Auditing: Environmental Assessment of Property provides purchasers, lenders, bankers, investors, landlords, tenants, sellers, environmental consultants, and attorneys with in-depth guidelines to understand and evaluate the environmental liabilities associated with real property transactions. In addition, it is a valuable resource for those who must conduct assessments as required under RCRA Corrective Action.
Benefits
- Identifies steps in the process that should be performed according to the ASTM standards for conducting Phase I and Phase II assessments
- Provides information on conducting assessments and corrective action beyond Phase II, together with Do’s and Don’ts checklists and detailed guidance on how to do so
- Enables completion of the most thorough and legally defensible assessments possible
- Helps users avoid the potentially huge costs associated with liability for cleanup
- National in scope, but also includes general information on conducting assessments under state programs, including listings and websites for state cleanup programs
- Incorporates case studies
- Includes a broad array of useful supplementary materials (see Features section below)
Topic Areas
- Brownfields initiative/Brownfields program summary
- CERCLA, RCRA, and due diligence
- Consultant liabilities
- Eminent domain
- Environmental insurance
| - Environmental site assessment
- Insurance industry’s liability for financing Superfund-mandated hazardous waste cleanup costs
- Investigation
- Radioactive materials
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Features
| Three-Phase Guidance | Covers Phase I: Environmental Site Assessment, Phase II: Site Investigation, and Phase III: CERCLA Cleanup Process and RCRA Corrective Action |
| Extensive Coverage | Details the process for conducting all appropriate inquiries; the EPA’s Superfund Redevelopment Program and Brownfields Initiative; and federal and state mechanisms such as grants, pilot projects, and tax incentives that expand the scope of the guide to cover reuse options |
| Checklists | Provides detailed dos-and-don’ts checklists for each phase |
| Graphics | Includes flow diagrams |
| References | Incorporates Internet references to significant articles and current information |