When a cleanup standard is not a standard
Article Abstract:
The Superfund Amendments and Reauthorization Act was intended to clarify CERCLA but the fields of environmental consulting and cleanup remain amorphous and unregulated. Property owners attempting to determine the extent of their liability can make faulty decisions to sell the property at a loss because of indefinite standards but, since liability is retained, that is not an effective solution. The standards are established on a site-by-site basis so landowners' should hire environmental consultants after confirming the qualifications and draft a multiple remedy cleanup plan.
Publication Name: Real Estate Law Journal
Subject: Real estate industry
ISSN: 0048-6868
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Phasing in the environmental site assessment business
Article Abstract:
Real estate owners and operators should know how to evaluate the environmental consultants on whom they must rely to avoid liability for clean up of contaminated property. The consulting industry's rapid growth and lack of regulation make it imperative that real estate people be aware of how consultants work. Consultants examine properties in three phases: a preliminary Phase 1, a Phase 2 site characterization and a Phase 3 report on decontamination. Prospective owners should insist that consultants be open in their methods and that their reports be easy to understand.
Publication Name: Real Estate Law Journal
Subject: Real estate industry
ISSN: 0048-6868
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
When the smoke clears: environmental restoration in Central and Eastern Europe
Article Abstract:
The topic of treating years of environmental abuse was considered at the International Symposium on Environmental Contamination in Central and Eastern Europe held in Oct 1992. The use of legal measures that have proven successful in the US such as successor liability seemed unpopular in light of efforts to transfer industries to private hands. Other issues such as the distribution of pollution across national boundaries, the civil unrest caused by resurgent nationalism and allocation of cleanup resources to areas of greatest need were also discussed.
Publication Name: Real Estate Law Journal
Subject: Real estate industry
ISSN: 0048-6868
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Liability to a third party for a faulty environmental assessment of real property. The U.S. Supreme Court gives standing to property owners under the Endangered Species Act
- Abstracts: Solid growth marks capital flows to the USA. Asian economic crisis opens location doors in Europe. 'New economy' forces are key to sustained economic growth
- Abstracts: The impact of US real estate on the change in employer/employee relationships. Global economic trends in the post-Y2K era
- Abstracts: Underground storage tanks. Evaluating environmental risk for real estate. Environmental risk evaluations
- Abstracts: CEO confidential: do the Japanese really want you? CEO confidential: acres of diamonds in our front yard