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Recognized Environmental Condition- REC

Recognized Environmental Concern (REC) is one of the terms used to identify environmental liability within the context of a Phase I Environmental Site Assessment. ASTM defines the recognized environmental condition in the E1527-13 standard as “the presence or likely presence of any hazardous substances or petroleum products in, on, or at a property: (1) due to release to the environment; (2) under conditions indicative of a release to the environment; or (3) under conditions that pose a material threat of a future release to the environment. de minimis conditions are not recognized environmental conditions.”

The E1527-13 standard modified the Recognized Environmental Condition definition from that within the previous E1527-05 version, with the intention of making it clearer and simpler to understand.

See definitions for Historical Recognized Environmental Condition (HREC) and the Controlled Recognized Environmental Condition (CREC).

Glossary 
Environmental Due Diligence Terminology