An environmental site assessment is a report plan for a real estate holding that identifies potential or existing environments. The assessment is a study of past and present activities on a site or parcel of land. It is a report prepared to identify potential or existing contamination liabilities on a property. The assessment is a scientific report following ASTM Standards that evaluates hidden environmental risks and liabilities. It is to evaluate the contamination status of the target site, including the distribution of contamination.
Before any commercial property purchase, the assessment is performed to prevent or minimize the risk of dealing with problems. The assessment includes a review of historical and current records and a walk-through of the site. It will help to maximize profits and minimize risk when buying or selling a property or a business asset.
Environmental Site Assessment in Ontario will help you maximize profits and minimize risk when buying or selling a property or a business asset. The site assessment seeks to discover contaminants, hazardous substances, or pollutants that may threaten the site's environmental health and community. The assessment is the term used to describe an ESA's contaminated site remediation phase. The assessments are carried out to determine the environmental quality of soil and groundwater at a site. The assessment allows you to judge the possibility of contamination on the site and human and environmental health.
The Records Review Process
The stage ESA Phase I is the review process, which consists of reviewing the chain of title and determining how the surrounding land is being used. There is also a review of the historical aerial photograph that focuses on the developmental timeline of that area. Local agencies are also contacted to gather pertinent information about the area.
The Site Reconnaissance
An important role within the Environmental Site Assessment Phase I is played by the visual inspection of the actual property. During this stage, each boundary analysis of the actual property is thoroughly inspected and observed. In addition, detailed photographs are captured of the property, but no physical testing and sampling are conducted during the first phase of the assessment.
Final Reporting Stages
The interviewing stage of the specific process is also conducted with any person who would be able to offer any pertinent information needed for this report, such as former and current property managers and tenants and owners. In addition, if the surrounding areas present a significant concern, an interview can conduct with the people associated with those properties.
The final stage of the Environmental Site Assessment Phase I is a reporting stage that calls for documentation of the research and conclusions gathered and collected during the actual assessment. If any additional investigations are necessary, they are recommended within this particular stage of the process and then executed accordingly. All significant data gaps that affect the overall property evaluation need to be identified before a conclusion of the environmental conditions can be reached and finalized.