Phase 1 and Phase 2 Site Evaluations
Description
Attorney Thierry Montoya explains what Phase 1 & Phase 2 environmental impact assessments are and why they are so important when buyers consider purchasing new property. Want to get in touch with us? Contact Thierry at tmontoya@fbtlaw.com and visit FrostBrownTodd online at https://www.frostbrowntodd.com.
The content of this episode reflects the views and opinions of Thierry Montoya and does not constitute legal advice.
Time stamps:
05:02 - What are Phase 1 Environmental Site Assessments?
08:20 - Gasoline station usage
10:32 - Due diligence
12:00 - CERCLA
15:22 - Innocent Land Owner Defense
16:22 - Components of a Phase 1 assessment
22:23 - Controlled recognized environmental conditions
26:28 - Have your consultant review the assessment again
33:29 - Phase 2 investigations
United States
