REAL PROPERTY PRE-PURCHASE DUE DILIGENCE:

IMPACT OF ASTM’S NEW PHASE I ENVIRONMENTAL SITE ASSESSMENT STANDARD

By:  Charlotte Biblow

Prospective property buyers and their environmental professionals are treading in uncertain territory when conducting due diligence activities these days.  Here’s why:

Background

On November 1, 2005, the US Environmental Protection Agency (“USEPA”) issued its All Appropriate Inquiries…