Maybe you are still confused about Environmental Site Assessment and need to know more about it. This article is meant to answer most frequently asked questions on ESA. The frequently asked questions on this articleaim at providing information and details about Environmental Site Assessment, Brownfield contaminants, and different environmental authorities concerned with environmental regulation. If you think you need an ESA you can try phase 1 environmental site assessment from the Ortam Group in order to get the best experience.
#1: What exactly is a Phase 1 Environmental Site Assessment?
Most of the stakeholders that engage in a real estate transaction use the Phase 1 ESA as a routine study conducted as due diligence associated with the transfer of ownership, development or financing. A Phase I ESA does not involve sampling or analysis of soil, groundwater or construction materials. These analyses are performed in a Phase 2 ESA. In short, an environmental site assessment is performed to test for any contamination existing in a property.
#2: What is a Phase 2 Environmental Site Assessment?
A Phase 2 ESA is much more of an intrusive form of research because it includes the analyses and sampling of soils and groundwater. This type of research is conducted as a follow-up study whenever a Phase 1 ESA shows potential or actual contamination causes. Groundwater and soil samples are gotten from wells or test wells, and the scope of work may vary from a few advanced holes around a multi-dozen underground storage tank (UST) to many other holes, resulting from a thorough investigation to determine the degree of soil or groundwater contamination already confirmed.
#3: What properties would guarantee a Phase 2 ESA?
Direct examples are sites with underground storage tanks (UST), such as service stations, apartment buildings or automobile service garage, dumping or filling sites; sites meant for degreasing operations dry cleaning facilities and transfer stations and waste management facilities. Others include sites with high industrial use such as smelters, engineering works, power plants, gas plants, distribution sites, oil storage, petrochemical industry, chemical manufacturing, waste incineration and textiles.
#4: Why would you conduct a Phase 2 ESA?
As a real estate agent or seller of a property, it is up to you to know if your site is contaminated, so that you have the opportunity to clean up the contamination before putting the property for sale. As a potential buyer, you want guarantees that the property has a clear title before closing the deal, in order to maintain its market value. A phase 2 ESA pre-purchase will also indicate whether a site is simply an environmental liability if it is found to contain contaminated soils or groundwater that requires what may result in an expensive cleaning up activity.As a real estate developer, you might consider changing the zoning of the property to make greater use of it and ensuring that provincial regulations are used for facilitating a building permit app. As a lender of mortgage, you definitely want your guarantee to retain its value.