Today’s commercial real estate transactions must take environmental issues into consideration. Complex laws can impose significant environmental liabilities on purchasers, sellers, and lenders, whether or not they caused the problem, and whether or not they still own the property.
Important rules published by the U.S. EPA and many states offer defenses against environmental liabilities provided that the defendant conducted “all appropriate inquiries” regarding the property at the time of acquisition, and then took reasonable steps to mitigate the effects of hazardous substances found on the property.
SCS Engineers offers a full complement of environmental due diligence services, including:
Through our network of offices nationwide, SCS Engineers provides national resources with local expertise.
All Appropriate Inquiries (AAI) is a process of evaluating the environmental condition of a property and assessing the likelihood of contamination. The EPA established the Federal standards for the conduct of AAI in 2006. The final rule establishes specific regulatory requirements for conducting all appropriate inquiries into the previous ownership, uses, and environmental conditions of a property for purposes of qualifying for landowner liability protections under CERCLA.
Parties must comply with the requirements of the AAI Rule, or follow the standards set forth in the ASTM E1527-13 Standard Practice for Phase I Environmental Site Assessments, to satisfy the statutory requirements for conducting all appropriate inquiries.
SCS Engineers provides All Appropriate Inquiry services which entail:
By completing these steps, and others, a prospective purchaser may be protected from potential liability under CERCLA as an innocent landowner, a contiguous property owner, or a bona fide prospective purchaser.
SCS Engineers employs experienced, qualified staff across the country who have provided AAI services on literally thousands of projects. We have evaluated nearly all property types and uses over the past 30 years – long before the advent of the ASTM Phase I standard and since the beginning of CERCLA.
Environmental Insurance Claims and Underwriting Support National Expert: Michael Schmidt We understand that Spill Prevention Planning and Risk Management are valuable preventative measures that protect life, the environment, and businesses, but accidents still happen. Environmental insurance protects companies by covering the expense of assessing contamination and performing remediation, ...
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Property Transactions SCS Engineers has conducted thousands of environmental assessments in connection with business transactions throughout North America and around the world. Our experience ranges from Transaction Screens and Phase I Environmental Site Assessments for small undeveloped sites, to complex, multi-facility assessments of large manufacturing companies. We have considerable ...
Solid Waste Management Financing National Experts: Bob Gardner and Vita Quinn Environmental considerations can play an important role in a merger or acquisition of a solid waste business. SCS Management Services® often assists buyers, sellers, private equity firms, and lenders in evaluating environmental and operational risks. We can provide ...
