What does a Phase 1 environmental report consist of?

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How long does it take to do a Phase 1 environmental report?

A Phase 1 ESA takes anywhere from 2 – 3 weeks.

Why do I need a phase 1 environmental site assessment?

The purpose of the Phase 1 ESA is to perform adequate due diligence as part of the property transfer in order to limit the liability of property buyers from previously existing environmental conditions. … If they are discovered after you have purchased the property, you may have a liability.

What is an EPA Phase 1?

The Phase I Environmental Site Assessment (ESA) uses existing information to help a community understand the property conditions by examining current and historical uses of the site and potential threats to human health or the environment.

What is the cost of a Phase 1 environmental report?

The average cost of a Phase I Environmental Site Assessment is usually between $1,500 and $6,000 but can be more or less depending on different variables and specifics of the job. Anything less than $1,500 – be aware.

Are Phase 1 ESA required?

A Phase I ESA should always be obtained if:

If there are actual or suspected hazardous substances on the property (or in the subsurface soil and/or groundwater), either from current, past, or future activities on the property itself, or current or past activities on surrounding properties.

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What is a phase 1 in real estate?

A Phase 1 inspection is a review of local government documents regarding the site to determine what the past usage of the site was along with extensive document review of the surrounding area. It also entails a very involved and detailed site visit by a qualified professional.

Why do a Phase I ESA?

The purpose of conducting a Phase I ESA is to obtain innocent landowner protections. The environmental due diligence process is required by law under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA).