Environmental
In Tennessee, a buyer concerned about environmental hazards on a commercial property should most likely obtain:
AA home inspection only
BA Phase I Environmental Site Assessment before closing✓ Correct
CAn appraisal from a certified appraiser
DA certificate from TREC
Explanation
Commercial buyers concerned about environmental liability should obtain a Phase I ESA before closing to identify recognized environmental conditions and protect against CERCLA liability through the innocent purchaser defense.
Related Tennessee Environmental Questions
- In Tennessee, the Tennessee Department of Environment and Conservation (TDEC) Division of Remediation oversees:
- In Tennessee, properties with abandoned oil or gas wells on them may face:
- The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA/Superfund) is significant to real estate because it:
- In Tennessee, the use of 'deed restrictions' for environmental cleanup sites can:
- In Tennessee, a 'Superfund' site on or near a property requires disclosure because it:
- In Tennessee, 'asbestos-containing materials' (ACM) in commercial buildings are regulated under:
- Perfluoroalkyl and polyfluoroalkyl substances (PFAS) in drinking water are an emerging environmental concern for real estate because:
- The Tennessee Clean Water Act of 1977 (state version) primarily regulates:
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