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Tag Archives: HREC

Environmental Due Diligence | Real Estate

File reviews: digging to uncover business environmental risks

Posted on by janetannan

Under ASTM E1527-13, file reviews are a much more pertinent part of Phase I Environmental Site Assessments (ESA) to accurately identify the potential for Recognized Environmental Conditions (REC) and assess business environmental risk associated with a property.

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Environmental Due Diligence

A quick comparison of the old and new ASTM E1527 standards

Posted on by janetannan

The primary goal for a Phase I Environmental Site Assessment (ESA) is to identify recognized environmental conditions (REC) on a parcel of real estate within the scope of Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). This is only one requirement to satisfy the Landowner Liability Protections (LLPs); however, it will also present information in…

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