Due Diligence and Property Transactions
Knowledge of the environmental liabilities associated with a potential real estate or business acquisition is critical in today's market. For this reason, environmental assessments and audits prior to such transactions have become commonplace. Environmental investigations can provide information that can be used to limit liabilities, reduce costs, or obtain more favorable contract terms. The right information cannot only help in the decision-making process, but when used in conjunction with an understanding of the regulations and strategies/vehicles to limit clean-up costs, it can serve as the basis to structure a transaction that might otherwise be impractical if not impossible.
Trihydro specializes in real property transaction due diligence for large industrial, multi-property and otherwise complex properties. There are a variety of services and programs available to businesses and individuals interested in assessing potential environmental liabilities associated with property transactions. In order to take advantage of any “innocent landowner” defense that may be available under State or Federal laws, it is important to conduct an assessment that meets the standard of “appropriate inquiry,” as defined by those laws. As with all our projects, Trihydro's first step is to ensure that we understand your goals and objectives to help you make the best decisions for ongoing business success, minimizing risks and protecting you from liability in your real estate and other business transactions.
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