Complete a Phase I ESA before closing
Reinforce ASTM E1527 from environmental-due-diligence training. The deal is not cleared until records, site reconnaissance, and interviews are done and RECs are stated.
- Define the subject property and the user’s objectives.
- Review historical and regulatory records.
- Perform the site reconnaissance.
- Interview owners, occupants, and local officials as available.
- Identify recognized environmental conditions in the report.
- Do not skip to Phase II sampling before the Phase I conclusions.