In cases when a full Phase I ESA is not warranted or desired, a Transaction Screen Assessment (TSA) can still identify Potential Environmental Concerns (PECs) in connection with a property.
This environmental due diligence process is typically utilized on low-risk projects where a Phase I ESA seems unnecessary and involved parties do not seek Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), or Landowner Liability Protection (LLP).
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Under the EPA’s All Appropriate Inquiries rule, a Phase I Environmental Site Assessment (Phase I ESA) is the gold standard. Per the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), purchasing or even leasing real estate may subject a buyer/lessor to environmental liability at a site.
Trileaf is an industry leader in performing Property Condition Assessments (PCAs) and Property Condition Reports (PCRs) for lenders, investors, developers, and banks.
Our RiskCheck Plus streamlines the compliance process. If your project requires an environmental Records Search with Risk Assessment (RSRA) to fulfill SOP requirements for the Small Business Association (SBA), our RiskCheck Plus is the optimal choice.