Series 31 – Deminimis Condition

Jun 20, 2020

This is the thirty-first 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 the evaluation of environmental-risk concerns in the real-estate transactions. This tool is called the RECOGNIZED ENVIRONMENTAL CONDITION (REC), and we’ve reviewed it in detail in the past seven videos.

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

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

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