What is a Phase I ESA? Part 1
Phase I ESA – A Primer Here at Hanis Consulting we get asked a lot, what is a Phase I ESA is and why is it needed? A Phase I ESA must cover specific criteria to be “All Appropriate Inquiry,” (or AAI) compliant. If there are any deficiencies with the Phase I ESA, the User, […]
I am a seller, why should I perform environmental due diligence on my property?
Environmental due diligence gives the seller an opportunity to correct any issues prior to listing the property, that the buyer’s consultant would likely find. This gives the seller the opportunity to increase the asking price for the property. To give a parallel example, it’s like knowing you need to re-roof your home in order to […]
How does Environmental Due Diligence help Buyers?
In addition to being protected from financial liabilities, environmental due diligence can be a useful tool for buyers wanting to get the best investment value for a property. Knowing environmental risks at a property prior to purchasing can be used to the buyer’s advantage in negotiations, while not understanding environmental risks can be costly later. […]
Environmental Due Diligence – An Introduction
This article covers several questions that we get at Hanis Consulting, Inc. regarding environmental due diligence and is intended for people that know very little about environmental due diligence, Phase I Environmental Site Assessments and All Appropriate Inquiry. This is the first in a series of articles to demystify the environmental due diligence process to […]
