Environmental
A brownfield property in Pennsylvania is defined as:
AAny agricultural land converted to residential use
BAbandoned, idled, or underused industrial or commercial property where redevelopment is complicated by actual or perceived environmental contamination✓ Correct
CAny property within 500 feet of a Superfund site
DFarmland with documented pesticide contamination
Explanation
Brownfields are former industrial or commercial sites where redevelopment is hindered by real or perceived contamination. Pennsylvania has significant brownfield challenges in former steel and manufacturing cities.
People Also Study
Related Pennsylvania Questions
- Pennsylvania properties near former coke ovens and steel mills should be evaluated for potential contamination with:Environmental
- A Pennsylvania brownfield developer who completes cleanup under Act 2 and receives a release of liability from the Commonwealth:Environmental
- A Pennsylvania brownfield redevelopment project in an older industrial city may utilize which financing tool that defers property taxes?Land Use & Zoning
- Which Pennsylvania agency oversees brownfield redevelopment and contaminated site cleanup?Environmental
- Pennsylvania's Act 2 (Land Recycling and Environmental Remediation Standards Act) establishes cleanup standards for contaminated properties. Successful completion provides the remediation party with:Environmental
- A Pennsylvania commercial property manager negotiating a lease renewal should be aware that rent escalation clauses typically provide for:Property Management
Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
ZoningLocal 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.
Study This Topic
Practice More Pennsylvania Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Pennsylvania Quiz →