phase1enviro
What is an RSRA Desktop Report?
Environmental Desktop Reports, also known as, RSRA (Record Search Risk Assessment) are a faster, low cost version of a full Phase 1...
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phase1enviro
- Oct 18, 2022
- 1 min
Protecting the buyer's interests
A Phase 1 ESA helps identify the environmental conditions that can impact the value of the property. It protects the buyers’ interests in...
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phase1enviro
- Apr 22, 2022
- 1 min
What is a Phase 2 Site Assessment?
What is a Phase 2 Environmental Assessment? If a property has failed the Phase 1 Site Assessment due to obvious environmental risks or...
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phase1enviro
- Mar 28, 2022
- 1 min
What is a Phase 3 ESA?
What is a Phase 3 ESA? After a Phase 2 ESA has been performed, because of an obvious Recognized Environmental Condition (REC) that is...
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phase1enviro
- Mar 15, 2022
- 2 min
New Phase 1 ESA Standards May Increase Cost & Wait Times
New 2022 standards for Phase 1 ESAs may cause higher fees and reports to take longer, as the new ASTM standards will increase cost and...
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phase1enviro
- Jun 28, 2021
- 2 min
The FAQs of Environmental Assessments & Due Diligence:
What is a Phase 1 ESA: is a common requirement today for most commercial real estate transactions. Typically, the purchaser or the bank...
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