ASTM E1527-21 Standard Phase 1 Environmental Site Assessment Quarter four of the year 2021 entails an update to the ASTM Standard for Phase 1 Environmental Site Assessment reports. The current ASTM standard for a Phase 1 ESA is “E1527-13.” Per a mandatory revision cycle, version E1527-21 proposes modern strategies to assess new and existing human…
Human Health Risk Assessment (HHRA) A Human Health Risk Assessment (HHRA) evaluates the potential dangers to people where there may be some exposure to chemical contaminants in soil, groundwater, ambient air, or soil gas. Typically, the recommendation for an HHRA stems from the Phase 1 Environmental Site Assessment process. However, the awareness for indoor air…
Remedial Action Plan A Remedial Action Plan, or Remediation Plan is a guideline that proposes a series of engineering and geological procedures, in order to feasibly perform contamination cleanup actions over a strategic period of time. When pollution exists on a property, at levels requiring cleanup, it is important to design the most appropriate course…
How Long is a Phase 1 Environmental Assessment Good For? A Phase 1 Environmental Assessment is good for one year in most cases. However, expiration also depends on the purpose of the report, and events that take place on the property. For instance, changing industry standards, new environmental conditions, and the CERCLA statutes of limitations…
Definition of Recognized Environmental Condition (REC) What is a Recognized Environmental Condition (REC)? A simplified definition of a recognized environmental condition (REC) is any occurrence whereby: 1). actual pollution of the environment is occurring; 2). the threat of pollution of the environment occurs; or 3). there is a preponderance of evidence suggesting possible pollution of…
Environmental Questionnaire Sample & Example An environmental questionnaire is a preliminary task in the environmental due diligence process by lenders and other information-seekers. The questionnaire screens the environmental hazards of a property undergoing any transaction. It consolidates the known facts of a property upfront, for a basic level of contamination and health risk presumption. Typically,…
De Minimis Condition in Phase 1 ESA Reports? A de minimis condition, as per the ASTM E1527 Standard for Phase 1 Environmental Site Assessment reports, is a property condition that doesn’t pose a threat to human health or the environment. Although this is a notable concern to document, it does not warrant further action or…
What is a Phase II ESA in Real Estate Due Diligence? The term “Phase II ESA” is short for Phase II Subsurface Investigation. It is an environmental due diligence report that typically follows the Phase 1 Environmental Site Assessment process when recognized environmental conditions are apparent. During the commercial real estate due diligence period, this…
