Environmental due diligence is often interchangeably used to describe the assessment and management of environmental liabilities and risks. The objective of this process is to make sure that the environmental regulations are observed by the landowner. Relevant environmental due diligence can also safeguard you, as a landowner, against dangers, including soil and groundwater pollution.

Since Environmental due diligence in BC is both legal and technical, it involves analysis of the site an organization or a person wishes to invest in and can be performed by both private and commercial property.

This article will look at some of the important aspects of environmental due diligence to help you better grasp the concept.

The benefits –

Listed below are some of the many benefits of environmental due diligence, BC, that makes it a sound requirement.

1- An appropriately and professionally done environmental due diligence can help you avoid any risk of legal prosecution.

2- On time land assessment can help uncover environmental risks and liabilities that could be due.

3- A site report can assist in creating strategies to manage the issues and risks beforehand.

4- Helps in deciding the risks and liabilities allocations after the deal.

How is a landowner protected by environmental due diligence?

Of course, you might question whether or not you need environmental due diligence at all. After all, the process costs money.

As a buyer, by choosing to carry out the environmental due diligence process, you safeguard yourself from being accountable for an issue that already exists with the land, such as contamination.

Typically, when land is deemed contaminated, the landowner is required to pay for its repair, even if the landowner isn’t responsible for the contamination to begin with. Just being the owner of the property is enough to make you liable for the contaminants.

But, by choosing to have the process done before you decide to purchase the land, you protect yourself from paying for any repairs if contaminants are found on the land. This is a major reason that makes environmental due diligence an important process before any type of real estate land is bought.

You can hire a consultant to carry out the analysis of the piece of the land you wish to purchase and get protected from –

Compensation and liability

Comprehensive Environmental Response

Ensure your chosen consultant adheres to federal and state regulations while carrying out the process, thereby ensuring it has a legal basis.

Signing off

With the facts and vital details laid in front of you, now you must know the need for environmental due diligence, BC, as a landowner.

Consider speaking with the experts at NEXT Environmental to determine whether or not your land is contaminated and be free from the responsibilities of paying penalties or land repair fees.

Shane Aston is the author of this article. To know more about Preliminary Site Investigation please visit our website: nextenvironmental.com