Since 1980 when the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) introduced punitive legislation, potential environmental liability associated with contaminated property became a matter of utmost concern to parties involved in real estate transactions. Environmental assessments of property became critical to a transaction process.
Subsequently, environmental assessments of property have been used at operating facilities, abandoned lands, and Brownfields sites to determine property conditions for continued use and reuse. Most recently, as a prerequisite for certain buildings to obtain their LEED® rating, the United States Green Building Council (USGBC) has required environmental assessments of property to be conducted that conform to American Society for Testing and Materials (ASTM) Standards.
Site Auditing: Environmental Assessment of Property provides purchasers, lenders, bankers, investors, landlords, tenants, sellers, environmental consultants, architects and attorneys involved in USGBC LEED® projects, with the information to help them understand the environmental liabilities associated with contaminated properties, and to evaluate the opportunities to limit such liabilities through all appropriate inquiry.
In addition, Site Auditing: Environmental Assessment of Property is a valuable resource for those conducting site assessments to ascertain the environmental conditions of property for any regulatory or business purpose.
See below for Benefits, Topic Areas, Features and Other Formats.