Due Diligence
Under CERCLA, purchasing, or even leasing real estate opens the buyer/lessor to the environmental liability that exists at the property. That exposure can be mitigated by implementing proper Due Diligence prior to the purchase or lease, which affords our clients the legal protection of an "innescent landowner defense". Trileaf performs all of our Phase I Environmental Site Assessments in accordance with ASTM, the industry, and legal standard of Due Diligence. For our clients that lease property, we recommend a less comprehensive and less expensive ASTM Standard, the Transaction Screen. This standard can usually be completed "in house" by our client as part of your normal leasing process. Trileaf provides the framework for the Transaction Screen free of charge, and only become involved if the report reveals environmental risks that require further investigation.