The scene is set. The actors take center stage, and the final act of this real estate transaction can begin: the closing! However, your Phase I Environmental Site Assessment (ESA) has come back with a Recognized Environmental Condition (REC). Does this spell the end for your real estate transaction? Of course not, the show must go on!
The Phase II ESA may be the next step in the process. However, the looming question in everyone’s mind will surely be “Do I need a Phase II?” The answer to this question is not a simple yes or no. A reliable environmental consultant will weigh many decisions when deciding whether a Phase II ESA is the necessary next step. During this webinar we will discuss the Phase II ESA and try to answer the following questions with the help of some relevant case studies.
What is involved with the Phase II ESA and its overall relationship to environmental due-diligence for real estate transactions?Is a Phase II ESA always the next step in the due-diligence process?Why a Phase II ESA may NOT be recommended?What are the considerations beyond the Phase II ESA?