Environmental hazards liability is the biggest financial risk associated with commercial property ownership today. With this in mind, buyers, sellers, and even lenders must prudently assess a property’s environmental condition prior to purchase. A thorough audit not only helps determine fair market value at the negotiation table, but protects innocent parties from clean-up and damage costs. It also ensures environmental safety for those who will live or work on the property.
National Inspection Services’ personnel are fully trained in records management research associated with property transfer assessments, and all technicians and laboratory procedures are fully accredited.
We provide clients with three levels of environmental study:
Phase I – Environmental Site Assessment
A comprehensive check of federal and state regulatory records; county, fire department, health department and city records; and site surveys and interviews, a Phase 1 audit determines if there is a reason to believe a property has been exposed to hazardous waste or other environmental contaminants. When necessary, a Phase I audit also directs specific chemical soil analyses, eliminating the need for expensive random soil testing.
Phase II – Environmental Site Assessment
When a Phase I audit uncovers potential hazards, a Phase II audit determines the scope of these problems and recommends remedial action. Phase II testing may include soil borings and analyses, chemical contaminant measurements (such as asbestos, radon, formaldehyde) and groundwater well monitoring.
Phase III – Environmental Site Assessment
Phase III audits involve additional detailed site evaluation for proper design and implementation of remedial action. Once site characterization reports have been completed and submitted to regulatory agencies for approval, the site may require clean-up and hazardous materials and/or tank removal and disposal.