Contamination refers to the presence of harmful substances in real estate properties, which can significantly impact property value, usage restrictions, and potential health hazards. Identifying and addressing contamination are critical steps in real estate transactions, environmental assessments, and property development.
LUST refers to leaking underground storage tanks, a critical environmental issue requiring prompt attention and remediation. These tanks often contain hazardous substances that can contaminate soil and groundwater.
A Phase I Environmental Site Assessment (ESA) is a preliminary investigation conducted to identify potential environmental contamination liabilities before acquiring or leasing a property. It typically includes a review of historical land use records, site inspections, interviews, and financial records.
Potentially Responsible Parties (PRPs) refer to individuals or entities that are legally liable for contamination and remediation of hazardous waste sites under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).
