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Changes to Phase I Environmental Site Assessment standards may change federal environmental due diligence requirements.

By | Published March 29, 2021 | Posted in New Jersey Department of Environmental Protection (NJDEP), New Jersey Environmental Laws, Spill Compensation and Control Act (Spill Act) | Tagged Tags: , , , | Comments Off on Changes to Phase I Environmental Site Assessment standards may change federal environmental due diligence requirements.

At both the state and federal levels, purchasers of commercial property are required to perform certain environmental investigations in order to shield themselves from liability for contamination found after the purchase. This process is known as “environmental due diligence.” Under the federal Comprehensive Environmental Response, Compensation, and Liability Act, commonly known as “CERCLA,” the industry Read More

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