WHAT OUR RECENT CLIENTS SAY ABOUT US
Nirav and his team at RSB Environmental are very helpful with our company’s environmental needs. Always courteous and informative in regards to our questions.
RSB Environmental is a great company, they are easy to work with and handle all our Environmental needs in a friendly professional way. I would recommend RSB Environmental for all your company’s environmental needs.
Whether your situation involves a due diligence period in commercial real estate in Houston, San Antonio, Austin, Dallas, Texas or anywhere nationwide or another situation, we can help.
Frequently Asked Questions
What is Environmental Due Diligence?
The practice of evaluating real estate for any potential risk of environmental contamination is known as environmental due diligence. The Environmental Protection Agency (EPA) establishes the rules and guidelines for this procedure, as well as determining which type of assessment is required based on the property's characteristics.
When Is Environmental Due Diligence Required?
Before financing a real estate purchase, refinancing an existing loan, or accepting collateral for a construction loan, lending institutions typically require environmental due diligence. If a property is used as collateral for a loan, environmental due diligence is usually necessary, as any issues could compromise the value of the collateral property.
How Does Environmental Due Diligence Protect You?
If environmental due diligence is performed before purchasing a property, the purchaser can gain protection from being held accountable for any pre-existing contaminations on the land, according to the Comprehensive Environmental Response, Compensations, and Liability Act provisions. If this process is not completed, the new owner can be held responsible for repairing the contamination.