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.
Sometimes our clients are interested in limited due diligence products such as:
- Environmental Transaction Screen (ASTM Standard E1528)
- Vapor Intrusion Surveys (ASTM E2600)
- Indoor Air Sampling
- Asbestos / Lead Paint Surveys
- Phase II Environmental Testing
If you want to manage your environmental liability prior to leasing real estate, call us to discuss your options.
