Environmental Due Diligence Of Commercial Property - Enviro

Environmental Due Diligence Of Commercial Property - Environment


Published in NH Business
Review 3/26/2021
Under federal environmental laws, purchasers of commercial real
estate who conduct an environmental due diligence inquiry may be
entitled to rely on safe harbor provisions under federal law
limiting otherwise unlimited cleanup response costs should
contamination be discovered after purchase.  This is
especially significant if contaminated groundwater, for example,
has migrated off site.
Under the Comprehensive Environmental Response, Compensation,
and Liability Act, commonly known as CERCLA, if hazardous
substances are found on a property, the owner of the property is
generally liable for the costs of cleanup.  Purchasers of
commercial properties want to know what they are purchasing,

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