Series 27 – Recognized Environmental Condition (REC) Type 3

Jun 18, 2020

This is the twenty-seventh in a series of light, short and visual talks on taking control of environmental-risk concerns that haunt otherwise lucrative transactions in commercial and industrial properties, and even residences.

The Phase I Environmental Site Assessment provides a tool for determination of environmental risks in the transaction: the RECOGNIZED ENVIRONMENTAL CONDITION (REC).

The official definition of REC is a conglomerate of six (6) definitions cemented in a long sentence that’s liable to challenge some of the brighter minds among us. This series breaks it to chunks that can be assimilated individually.

 

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