What is the difference between Phase 1 and Phase Two Environmental?
A Phase 1 Environmental report includes an inspection of the property, historical use research, analysis of local groundwater conditions and review of nearby known environmental liabilities that may be impacting the value of the property throughout land used limitation, potential cleanup costs or civil or tort liability, due to offsite migration of contamination. A Phase 2 Environmental report consists of collecting soil and/or groundwater samples to determine if significant amounts and concentrations of contaminants exist at the property.
