Phase I Environmental Site Assessments
What is a Phase I ESA?
A Phase I ESA identifies potential or existing environmental contamination at a property. It is necessary in order to evaluate the environmental liability of a property..
Do I need a Phase I?
Phase I ESAs are often required by lenders as part of the loan underwriting process. It is very useful as a seller to have one ready to show potential buyers. Owners need to know about any potential environmental issues that could affect the value or use of the property, as well as their liability from any environmental issues the property may have.
What does a Phase I ESA cover?
The scope of a Phase I ESA generally includes a review of historical records and the physical condition of the property, and its surroundings as well as an assessment of the potential for contamination from past and current activities at the site. This may involve the collection of soil and water samples for laboratory analysis.
Who does the Phase I ESA?
Our Phase I ESAs are conducted by an environmental professional who reviews historical records and conducts a site visit. The findings are presented to you in a report that you can bring to financial institutions. We will also explain it all in a way that you can understand. The most important thing is that you understand the environmental liabilities a property may have.
Is a follow up to a Phase I required?
If the Phase I ESA identifies any potential environmental concerns, a Phase II ESA may be needed to further assess the nature and extent of the contamination. This may involve the collection of additional soil and water samples or the use of specialized equipment to assess the extent of the contamination.
Who is responsible for addressing any environmental issues identified in a Phase I ESA?
This will depend on the specific circumstances of the case. Sometimes, the property owner will be responsible for addressing the issues, while in other cases, the party responsible for the contamination may be required to take remedial action. This varies by municipality.
What type of access will the inspection team need?
All mechanical rooms/boiler rooms will need to be accessed and the entire basement. In a multi-unit building, 10% of the units will need to be accessed