Environmental
What is a 'Phase II Environmental Site Assessment' and when is it triggered in Nevada?
AA Phase II is required for all Nevada commercial transactions over $1 million
BA Phase II involves soil and groundwater sampling to confirm or rule out contamination identified as a recognized environmental condition (REC) during Phase I — triggered by findings in the Phase I that indicate actual or potential contamination✓ Correct
CPhase II is an air quality study required for Nevada industrial rezonings
DA Phase II is a follow-up structural inspection after a Phase I
Explanation
A Phase II ESA moves from records review and site inspection (Phase I) to actual environmental sampling — soil borings, groundwater monitoring wells, and laboratory analysis. It is triggered when Phase I identifies RECs (Recognized Environmental Conditions) suggesting contamination.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
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.
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