Series 36 – Cost of Phase II Environmental Site Assessment

Jun 24, 2020

This is the thirty-sixth 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 goal of Phase II is to provide a statement on whether or not the property is impacted with contamination that may require cleanup or abatement.

The cost of Phase I is nominal and sellers or buyers usually carry it all. The cost of Phase II can be substantial, we see stakeholders evaluating the benefit within the framework of the entire transaction, and we see them enter into negotiations on carrying the costs.

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