Glossary
Environmental Due Diligence Terminology
- All Appropriate Inquiry- AAI
- ASTM E1527-05 Standard – Phase I Environmental Site Assessments
- ASTM E1527-13 Standard – Phase I Environmental Site Assessments
- Bona Fide Prospective Purchaser (BFPP)
- Business Environmental Risk
- Controlled Recognized Environmental Condition- CREC
- Comprehensive Environmental Response, Compensation and Liability Act- CERCLA
- De minimis conditions
- Environmental Professional- EP
- Environmental Site Assessment- ESA
- Historical Recognized Environmental Condition- HREC
- Recognized Environmental Condition- REC
- Registered Environmental Assessor- REA
- Secured Creditor Exemption / Lender Liability Amendments
Building Sciences Terminology
- ASTM E2018-08 Standard- Property Condition Assessments
- ASTM E2026-07 Standard- Seismic Risk Assessment of Buildings
- ASTM E2557-07 Standard- Earthquake Probable Maximum Loss (PML)
- Expected Useful Life (EUL)
- Fannie Mae Physical Needs Assessment (PNA)
- Freddie Mac Property Condition Report
- HUD/FHA Project Capital Needs Assessment (PCNA)
- Immediate Repairs Table
- Physical Deficiencies
- Probable Maximum Loss (PML)
- Property Condition Assessment / Property Condition Report
- Remaining Useful Life (RUL)
- Replacement Reserve Table
- Scenario Expected Loss (SEL)
- Scenario Upper Loss (SUL)
Land Survey and Zoning Terminology
- American Land Title Association- ALTA
- American Congress on Surveying and Mapping- ACSM
- 2011 Minimum Standard Requirements for ALTA/ ACSM Land Title Surveys
- Professional Land Surveyor
- Plat Map or Survey Map
- Encroachment
- Easement
- Real/ Landed Servitudes
- Record Documents (for ALTA Land Title Surveys)
- Title Commitment
Construction Services Terminology
- Annual Deferred Maintenance Inspections and Monitoring
- Budget Review
- Contractor Evaluation
- Construction Bond
- Construction Progress Monitoring
- Construction Risk Management
- Cost to Complete
- Funds Administration and Disbursement
- Mid-Construction Compliance Inspection
- Pre construction document and cost analysis
