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Tag Archives: inherited real estate due diligence

Does the Size of a Property Matter When It Comes to Doing Due Diligence?

Does size matter? I often hear from clients that they aren’t concerned about the potential environmental liability for properties that are particularly small. The problem is, that in the instance of liability on a property that is contaminated, it doesn’t matter whether a property is 0.5 acre by 10 feet or several acres. Contamination clean…

Environmental Due Diligence When Inheriting Real Estate

What type of environmental due diligence should you do prior to taking title to real estate that is given to you?   Is doing a Phase I Environmental Site Assessment a bit like looking a gift horse in the mouth? A Connecticut woman recently inherited a commercial property that had formerly been a gas station and,…