Environmental Site Assessment

Environmental Site Assessment

Environmental Site Assessment (ESA) are a vital role for everybody engaged in the acquisition, financing, or refinancing of commercial properties. It is essential for lenders, buyers, and prospective property owners to comprehend the intricacies of Phase I (ASTM-E1527-21) and Phase II ESA (ASTM-E1903-19) in order to make well-informed decisions and reduce the risks linked to environmental contamination. Phase 1 ESA: The main objective of a Phase I ESA is to assess the potential for environmental contamination. Phase 2 ESA:. This assessment is usually initiated when the Phase I ESA uncovers Recognized Environmental Conditions (RECs) or indicates a potential for environmental contamination.