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Common Environmental Due Diligence Mistakes to Avoid

Colorado Real Estate Journal

Under federal and many state laws, the owner or operator of a property can be liable for historical contamination at that property. That liability is strict – the property owner/operator need not have caused the contamination to be liable for an expensive cleanup. When acquiring property, or a business that owns/leases real property, the single best way to avoid environmental liability is to understand the environmental risk before buying the property or business. Knowing what you’re buying allows you to manage, or avoid, the risk.

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