The Phase 2 environmental site assessment (or Phase 2 ESA) is the first step to determine if a commercial property is at high risk of contamination. This report is used by buyers and sellers to determine whether the property or its surroundings are at risk of contamination.
Section 2 environmental site assessment is often required by potential buyers to avoid the cost of remediation on contaminated properties once they become theirs. The seller may also use this inquiry to increase the property's marketability.
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This information is used to assess the situation:
* Review of various records
* Site inspection
Review of Various Records – The records include information about the previous owners and their uses. Certain types of usage could indicate contamination. The same applies to the land surrounding it. It can have a negative impact on the assessment if it contains documentation that shows contamination or potential contamination.
The review will usually include aerial photographs, which can be compared with current photos to show the time frame for the development of the property in question and the surrounding areas. For related information, agencies such as the fire department and health departments can be contacted.
The Phase 2 ESA is an easy process that can help save time and money for those who are not looking to invest in new commercial property.