Environmental Transaction Screen Assessments

Environmental Transaction Screens (ETS) are considered screening tools for clients who wish to conduct limited environmental due diligence. An ETS is a cost-effective environmental due diligence report. ETS are voluntary procedure intended to identify Potential Environmental Concerns (PECs) for commercial real estate. The scope of work for an ETS includes a site visit, regulatory records review, key personnel interviews and limited historical research. The ETS is governed by an ASTM Standard for the Transaction Screen 1528-06 Standard Practice for Limited Environmental Due Diligence: Transaction Screen Process. The Transaction Screen does not meet the requirements of the EPA’s All Appropriate Inquiry and will not offer the user protection from CERCAL Liability.
An ETS requires a limited scope of work, which includes a site visit, review of environmental databases. Completion of an environmental questionnaire by the owner or occupant and consultant doing the transaction screen and review of limited historical sources.
Users who complete the transaction screens do not qualify for Landowner Liability Protection (LLPs) under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA. Anyone seeking these protections are required to complete a Phase I ESA.
Lenders, brokers and investors often use ETS to determine potential environmental risk management at a cost less than the Phase I ESA.
Please contact our Environmental Services Department to inquire more regarding our ETS or request a quote online.