Phase I Environmental Assessments

An essential step in a commercial real estate transaction is to evaluate the property for recognized environmental conditions and to assess the potential environmental liability for the potential new owner. This process is commonly known as environmental due diligence or Phase I Environmental Site Assessment. As part of this assessment, we believe it is our responsibility to assist the client in understanding the potential liabilities versus the client's risk tolerance.

Phase I Environmental Site Assessments consist of an unintrusive environmental investigation, which identifies recent and/or historical environmental issues on or in the vicinity of a site. This assessment is performed by accessing local, State, and Federal government records and the performance of a site inspection. Phase I Environmental Site Assessments are typically performed to meet due-diligence requirements of a lender prior to refinancing or transfer of a property, or if a property is to be used as collateral.

Leymaster Environmental Consulting, LLC conducts Phase I assessments utilizing generally accepted Environmental Site Assessment industry standards in accordance with ASTM E 1527-05, Standard Practice for Environmental Assessments: Phase I Environmental Site Assessment Process and EPA Final All Appropriate Inquiries (AAI) standard practices. A Phase I Environmental Assessment that meets AAI standards is the threshold for protection under the CERCLA Brownfields landowner liability protection.