Must include the following in report 1. Name of hazardous substance 2. Chemical abstract number 3. Regulatory synonym if applicable 5. Commercial Real Estate Transactions a. Liability may be imposed on buyers, sellers and lenders b. .
Some liability is waived for foreclosure, but cleanup costs remain c.
Innocent Landowner defense 1. Cause previous landowner to pay for remediation of site. Current landowner must have no knowledge of contamination at time of purchase and contamination occurring prior to sale of property. Reason to know test - landowner must show all appropriate inquiry into use of property. Environmental Site Assessments 1.