Environmental
What is an 'environmental site assessment' (Phase I ESA) in Rhode Island real estate?
AA structural inspection of a commercial building
BA non-invasive review of records, site reconnaissance, and interviews to identify potential environmental contamination✓ Correct
CAn environmental permit required before any construction
DA wetlands delineation survey
Explanation
A Phase I Environmental Site Assessment is a standard due diligence process for commercial properties that reviews historical records, conducts site reconnaissance, and interviews to identify recognized environmental conditions (RECs) without intrusive sampling.
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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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