Environmental site assessments are among the most important parts of due diligence when buying a commercial property. The need for the experienced services of Rocky Mountain Environmental Associates Inc. to perform Idaho environmental site assessments has always been large. However, the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 made the due diligence period important to every commercial property buyer.
Why is Due Diligence Important?
In the CERCLA Act of 1980, the period of due diligence when buying a commercial property was made important. The process of buying a property and using the due diligence period effectively was highlighted in the law as it passed through Congress. The initial period of due diligence is now used to allow a commercial property owner to determine whether they have met the demands of CERCLA in its entirety. The assistance of Rocky Mountain Environmental Associates Inc. can determine if a commercial property owner is responsible for cleaning up any hazardous materials.
By working with experts in environmental services in Idaho Falls, the safe harbor law allows commercial property owners to limit their liability. Hazardous materials and chemicals discovered at a commercial property after a site assessment will not be their responsibility if they prove they performed the correct level of due diligence.
Phase I Assessments
Idaho environmental site assessments in phase I are made using a visual inspection of the property to be purchased. The initial visual inspection takes several forms, including the use of a physical inspection and the use of aerial photographs. The experts at Rocky Mountain Environmental Associates Inc. will look back at the history of the property to determine if the plans include any underground tanks or other potential hazards.
Phase II and III Assessments
To ensure every possible outcome has been covered during the due diligence phase of buying a commercial property, a phase II and III assessment can take place. These assessments include the use of soil samples and water testing to ensure the property will not fall foul of the CERCLA laws. Choosing the correct environmental services in Idaho Falls will limit your potential for problems in the future.
For more information about Idaho environmental site assessments, visit www.rockymountainenvironmental.com.