Environmental
A Connecticut commercial buyer performing due diligence discovers a recognized environmental condition (REC) in the Phase I ESA. The next recommended step is:
AProceed without further investigation
BCommission a Phase II ESA to investigate the REC with soil or groundwater sampling✓ Correct
CFile a complaint with the seller
DRequest a price reduction without further investigation
Explanation
A REC identified in a Phase I warrants further investigation through a Phase II ESA involving sampling and laboratory analysis to characterize the nature and extent of any contamination.
People Also Study
Related Connecticut Questions
- A Connecticut homebuyer discovers an old oil tank in the basement. The appropriate next step is to:Environmental
- A Connecticut homeowner discovers that their well water contains elevated levels of arsenic. The appropriate next step is to:Environmental
- The primary purpose of a 'Phase I Environmental Site Assessment' as used in Connecticut commercial real estate is:Environmental
- A Connecticut seller is required to fill out the Property Condition Disclosure report. One section asks about known environmental contamination. The seller discovered fuel oil contamination from a leaking tank 3 years ago but had the tank removed without filing with DEEP. The seller must:Environmental
- A Connecticut landlord discovers their tenant has been keeping an unauthorized dog in violation of the lease. The landlord's first step to address the violation is to:Property Management
- Under Connecticut's summary process law, after a landlord properly serves a notice to quit for nonpayment of rent and the notice period expires, the landlord's next step to remove the tenant is to:Property Management
- A Connecticut property in a commercial zone is subject to a 'conditional use' approval. The approval includes a condition that the business close no later than 10 PM. The new owner wants to stay open until midnight. The new owner must:Land Use & Zoning
- A Connecticut purchase and sale agreement requires the property to be in 'substantially the same condition' as when the offer was accepted. The buyer discovers significant water damage that occurred after the offer was accepted but before closing. The buyer may:Contracts
Key Terms to Know
Contingency
A condition in a purchase contract that must be satisfied before the sale can proceed to closing.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Math Concepts
Study This Topic
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →