Audits/Assessments
The fundamental reason for undertaking an environmental audit is to determine the level of compliance with Federal, State and local environmental laws and regulations. Phase I Audits/Assessments are designed to determine potential liability and determine the potential of on-site hazardous materials and hazardous waste contamination including underground storage tanks. It is also the purpose of a Phase I Environmental Audit/Assessment to uncover other environmental impacts such as wetland areas, or to determine natural, cultural, recreational, and/or scientific values of specific significance. Entailed in this phase of an environmental audit/assessment is a 50-year Chain-of-Title review. By performing a Phase I, the owner or buyer will have needed information to adequately evaluate property value, current and potential uses of the site and potential liabilities.