Environmental
What is 'environmental indemnity' in a Rhode Island commercial real estate transaction?
AA government insurance program for environmental cleanup
BA contractual agreement where one party agrees to hold another harmless for environmental liabilities associated with a property✓ Correct
CAn environmental permit
DA CRMC exemption for developed coastal properties
Explanation
An environmental indemnity is a contractual provision in which one party (often the seller) agrees to indemnify and hold harmless the other party (often the buyer) for environmental liabilities arising from the property. It is common in commercial real estate transactions.
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