Phase 2 Environmental Site Assessments Uncover Contamination and Human Health Risks

Continued from article 1 of this series: What’s the big deal about Dry Cleaners So the buyer completed their Phase I, earned their Bona Fide Purchaser Defense to shield against a lawsuit from EPA, knows the site held a dry cleaner, yet still has an interest in the property. How do they determine if they …

Why Dry Cleaners Matter and the Value of Phase 1 Environmental Site Assessments

The avoidance in purchasing contaminated sites and “holding the bag” for a cleanup one didn’t cause is reason #1 for completing accurate due diligence. Compliance Technologies, Inc. (CTI) has been providing property transaction assistance to its clients for most of its 30-year history. Clients must know if a property that they are buying has contamination problems or …

Ohio Adopts Federal Bona Fide Prospective Purchaser Defense

For many years CTI has stressed the tremendous importance of clients performing a Phase I Environmental Site Assessment (ESA) prior to the acquisition of a commercial or industrial facility. The obvious benefit is to discover whether a site may be contaminated by a release or threat of a release of hazardous substances. More importantly, yet …

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