Whether you’re buying, selling, or leasing a property its best practice to understand the extent of your liabilities. Buying and leasing commercial properties involves a substantial investment and identification of potential environmental and health liabilities should form part of your business’s due diligence.
An environmental and health due diligence investigation involves:
Determining if the site or adjacent sites are at high risk for environmental contamination
Historical investigation of the site for previous environmental issues
Identification of contaminated soil, groundwater and assess level of contaminants level for short or long term human health
If the site is at high risk for contamination, contamination is identified, or the client requires further information a Detailed Site Investigation (DSI) may be undertaken.
A Hazardous Material Survey of the sites building and associated structures will also be undertaken as a part of the environmental and health due diligence investigation. The site will be surveyed, a sampling program will be conducted, hazardous materials will be identified, the location and extent will be noted and a risk assessment of hazardous materials completed.
Typical hazardous materials identified in a survey include;