Environmental
In Michigan, 'due diligence' in a commercial real estate purchase regarding environmental issues typically includes:
AOnly reviewing the seller's disclosure statement
BPhase I and potentially Phase II ESAs, review of EGLE databases, and title research for environmental liens✓ Correct
COnly checking if the property is near a river
DA 30-day waiting period required by Michigan law
Explanation
Environmental due diligence for commercial properties in Michigan includes Phase I ESA (and Phase II if warranted), review of EGLE and EPA databases for known contamination, review of historic aerial photos, and checking for environmental liens or institutional controls.
Related Michigan Environmental Questions
- In Michigan, the Flint water crisis of 2014-2019 highlighted which environmental issue?
- In Michigan, the term 'brownfield' refers to:
- Michigan's Part 201 of the Natural Resources and Environmental Protection Act (NREPA) addresses:
- In Michigan, a residential buyer concerned about electromagnetic fields (EMF) from nearby high-voltage power lines should be aware that:
- In Michigan, a property owner who discovers contamination on their property is generally required to:
- In Michigan, a 'baseline environmental assessment' (BEA) is important for prospective purchasers of contaminated property because it:
- Michigan's Part 201 of the Natural Resources and Environmental Protection Act (NREPA) establishes:
- In Michigan, the 'Great Lakes Compact' (2008) affects real estate near the Great Lakes by:
Practice More Michigan Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Michigan Quiz →