Environmental Due Diligence

In broad terms, environmental due diligence refers to the appropriate actions that should be taken by an owner or operator of a parcel of land to ensure its environmental integrity.  It is highly advisable in real estate transactions because it minimizes the purchaser’s risk from unexpected environmental liabilities. Federal Law recognizes the importance of liability protection for land owners and facility operators who qualify under the innocent landowner defense and bona fide prospective purchaser (BFPP) and has set the legal grounds to provide such protection through a property evaluation process titled “All Appropriate Inquiry” (40 CFR Part 312). The process ensures that by conducting a Phase I Environmental Site Assessment on the property (and/or a Phase II, when appropriate), the purchaser is largely protected from environmental liabilities. 

KAM’s qualified personnel can assist you in applying proper environmental due diligence on all your real estate transactions and guide you through the legal corridors that can provide you protection.