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New U.S. EPA "All Appropriate Inquiry" Regulations Apply To Real Property Transfers After November 1, 2006 As of November 1, 2006, any purchaser of real property who seeks to avoid potential environmental liability and qualify as an "innocent landowner" under federal environmental law must conduct a pre-purchase Phase I Environmental Site Assessment in conformance with new federal regulations. The U. S. Environmental Protection Agency's "All Appropriate Inquiry" regulations require a more detailed review of environmental conditions than had previously been required. The regulations direct a specialized inquiry into any past use of the subject and surrounding properties that may have resulted in soil or groundwater contamination. Moss & Barnett's Joseph Maternowski and other attorneys in the Environmental and Real Estate Departments assist clients in applying the new regulations to pending real estate transactions. Attachment: All Appropriate Inquiry Regulations 40 CFR 312 Related Articles:Choosing an Environmental Consultant New Laws Encourage Development of Polluted Land |
