Environmental
What does the term 'environmental due diligence' typically involve in a commercial real estate transaction?
AReviewing the property's title history only
BConducting Phase I and possibly Phase II Environmental Site Assessments✓ Correct
CReviewing local zoning regulations
DObtaining a flood zone determination only
Explanation
Environmental due diligence for commercial property typically includes a Phase I ESA (records review and site visit) and, if warranted, a Phase II ESA (soil/water sampling).
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