What is a Phase I Environmental Site Assessment (ESA)?
A Phase I ESA is a means for controlling environmental liability for lenders, buyers, insurers, and investors. By showing due diligence, a purchaser or lender may qualify for CERCLA Innocent Landowners Defense designed to allow the owner of the property to defend against environmental liability created by a third party. Environmental assessments help to protect lenders, buyers, and sellers. It has become common practice to have property evaluated by an environmental professional. This allows all parties to understand the level of risk they might incur.
How much does a Phase I cost?
As costs vary depending on the property being assessed, all projects are quoted on a per job basis. Please feel free to contact our team of environmental professionals today to get a quote for your job.
What does a Phase I report look like?
Reports are prepared according to ASTM Standard E-1527-13 and the Environmental Protection Agency Standards and Practices for All Appropriate Inquiries (40 CFR Part 312). Information is gathered from multiple sources and may include:
- A search of State and Federal government databases
- An on-site environmental site assessment of the property
- Conducting interviews with owners, operators, and occupants of the property
- Conducting interviews with local government officials
When I order a Phase I, how quickly can it be completed?
We make every effort to meet the needs of our clients. Most Phase I ESA reports can be completed within 14 business days.
What information do I need to provide when I order a Phase I ESA?
- Signed authorization to proceed
- Property address
- Assessors Parcel Number
- Billing information
- Environmental Questionnaire and Disclosure Statement