Series 31 – De Minimis Condition

Jun 20, 2020

The Phase I Environmental Site Assessment provides a tool for the evaluation of environmental-risk concerns in the real-estate transactions. This tool is called the RECOGNIZED ENVIRONMENTAL CONDITION (REC).

And then there’s what we’d like to call the “Un-recognized” condition, the “de minimis” that is too trivial or minor to merit consideration.

If you find two bad apples in 10 bushels, you’d probably consider the situation de minimis.

1 Comment

  1. George Reid

    Thanks for another good examination/perspective of considerations of environmental risks on miscellaneous properties. The discussion of relevant risk is important to keep in mind.

    Reply

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