Mike Hall

Baseline Environmental Assessments (BEAs) are critical tools for individuals and businesses considering the acquisition of property known or suspected to be contaminated. Under the Natural Resources and Environmental Protection Act (NREPA) of 1994, BEAs provide a pathway for new owners or operators to avoid liability for pre-existing environmental contaminations. This guide will explain the concept,…

Environmental Site Assessments (ESAs) are crucial for anyone involved in acquiring, financing, or refinancing commercial properties. Understanding the nuances of Phase I and Phase II ESAs is imperative for lenders, buyers, and potential property owners to make informed decisions and mitigate risks associated with environmental contamination. Key Takeaways Phase I ESAs are a preliminary, non-intrusive…