Environmental
What does the term 'environmental due diligence' mean in a Louisiana commercial real estate transaction?
AReviewing the seller's past tax returns
BInvestigating potential environmental contamination before completing a purchase✓ Correct
CEnsuring the property meets all zoning requirements
DVerifying that the building has no structural defects
Explanation
Environmental due diligence involves investigating potential environmental contamination (such as through Phase I and Phase II assessments) before purchasing commercial real estate, to avoid inheriting cleanup liability.
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