Pre-Lease Phase I Environmental Site Assessment Report

Partner frequently assists clients looking to lease real estate by doing pre-lease Phase I Environmental Site Assessments (ESA). The Phase I ESAs we provide in a pre-lease situation can be slightly different than our pre-acquisition Phase I ESAs as our clients are less concerned about CERCLA liability and the innocent landowner defenses.

Pre-lease environmental due diligence clients are often concerned about one or more of the following:

1. Establishing a baseline to ensure that they are not blamed for a predecessor’s liabilities;
2. Ensuring that their employees have a safe work environment; or
3. The deal is a land lease and they will become de facto owners.

Partner typically performs Phase I ESAs to the scope defined by ASTM Standard E1527-05. Our project managers are Environmental Professionals and our Relationship Managers understand how to customize our due diligence products to clients’ needs.