Why a Phase 1 Site Assessment is Essential for Property Transactions

 A Phase 1 Site Assessment is a fundamental part of environmental due diligence for any real estate transaction, especially for commercial and industrial properties. This investigation helps buyers, lenders, and developers assess whether a property has potential environmental contamination that could pose legal or financial liabilities. The process includes an in-depth historical review of the site’s previous uses, a physical inspection of the property, and interviews with individuals familiar with its history. Additionally, government records, aerial photographs, and topographical maps are analyzed to determine past and present environmental concerns. 

Web:- https://adeptus.co.uk/environmental-site-assessment/phase-1-2

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