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Environmental Due Diligence Tip

Certain property types and uses are “red flags” for environmental liability. The short list includes industrial or manufacturing properties, waste disposal, handling, or treatment facilities, gasoline stations, dry cleaners, and any property occupied as a residence, childcare center, or school, and any property served by an on-lot well (toxic tort liability). Carefully review your Phase I Environmental Site Assessment report when any “red flag” concerns are discovered.