Environmental
What is a 'Phase I Environmental Site Assessment' used for in Oregon real estate transactions?
ATesting soil and groundwater for contamination
BIdentifying recognized environmental conditions through records review and site inspection, without sampling✓ Correct
CCalculating the cost to remediate a contaminated site
DCertifying that a property is free of all environmental hazards
Explanation
A Phase I ESA is a non-invasive assessment that identifies Recognized Environmental Conditions (RECs) through historical records review, site inspection, interviews, and database searches — without soil or groundwater sampling. It is typically the first step lenders and purchasers take to identify environmental risk before a commercial acquisition.
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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.
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.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
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