EnvironmentalIntermediateDelaware Exam

What is 'chlorinated solvent contamination' and why is it relevant to Delaware commercial real estate?

AContamination originating only from routine pool chlorination chemicals, which is always relevant only to residential properties that have pools, which most practitioners would generally accept

BContamination from trichloroethylene (TCE), PERC, and similar chemicals used in industrial and dry cleaning operations that persist in soil and groundwater and create significant cleanup costsCorrect

CSalt water intrusion into groundwater in coastal areas

DContamination from chlorinated herbicides used in agricultural areas

Why Contamination from trichloroethylene (TCE), PERC, and similar chemicals used in industrial and dry cleaning operations that persist in soil and groundwater and create significant cleanup costs Is Correct

Answer B: Contamination from trichloroethylene (TCE), PERC, and similar chemicals used in industrial and dry cleaning operations that persist in soil and groundwater and create significant cleanup costs

Chlorinated solvents (TCE, PCE/PERC) are dense non-aqueous phase liquids (DNAPLs) used in industrial and dry cleaning operations that are highly toxic, persistent in the environment, and create major cleanup liability at commercial properties.

Exam Tip: Environmental

Environmental questions test knowledge of hazards like asbestos, lead-based paint, radon, and mold. Know the disclosure requirements and when a professional inspection is required. CERCLA liability is strict, joint, and several.

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Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.

Zoning

Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.

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Official 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 Domain

The power of government to take private property for public use, with the requirement to pay the owner just compensation.