Due Diligence Tip #19

As part of your Phase I Environmental Site Assessment, require your environmental professional to include “non-scope” environmental concerns described in the ASTM standard practice such as non-tidal wetlands, lead-based paint (LBP), asbestos-containing building materials (ACBMs), mold, and others. Although not CERCLA liability concerns, these environmental conditions can limit or restrict the use of a given property and represent a potential liability.