Most non-residential real estate transactions these days involve some form of environmental due diligence (the procedures that protect innocent parties from potential environmental liability). Whether you are buying a small vacant property in a rural area or a large industrial property in an urban area, due diligence is likely to be an important component of your real estate transaction.
Conducting due diligence provides baseline environmental information necessary for making sound business decisions associated with acquisition and financing of industrial, commercial, or developable properties. Knowing the environmental condition of a property enables you to weigh environmental risks as a factor in your real estate transaction decision. An environmental assessment can be a useful tool in negotiating an equitable agreement between buyers and sellers that accounts for the potential liability of the property.