21 Dec 2021
Just a Phase: ASTM Issues New Phase I Environmental Standard
Following a thorough evaluation process, ASTM International's Environmental Assessment, Risk Management and Corrective Action Committee has revised its standard practice for Phase I environmental site assessments for the first time since 2013. The revisions add rigor and formality to the process of generating a Phase I report, likely resulting in a longer timeline to complete due diligence as environmental professionals implement the revised standard. Get up to speed on the changes and what they mean for your clients.
Related Content
- Environmental Study Access Agreement (Pro-Seller)
Use this pro-seller template to grant a prospective buyer access to property for environmental testing.
- Commercial Purchase and Sale Agreement (Long Form)
Negotiate a commercial purchase and sale agreement with this annotated template.
- Lender Liability Under Environmental Laws in Real Estate Transactions
Read about risks real estate lenders face under environmental laws and ways to mitigate them.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Private Market Data: Commercial Leasing
- Complete the Private Market Data: Commercial Leasing questionnaire, get a $25 gift card*, and access the data bank and companion report for key analysis.
- The Practical Guidance Journal Fall 2021 Edition features Green Building, Climate Change, and Environmental, Social, and Governance guidance.
- Check out the new Practical Guidance Author Center! Learn about the 1500+ leading attorney authors contributing to our 20 practice areas, and find out how you can Become a Practical Guidance Author.
*Offer is void where prohibited by law or by your employer’s policies. Individual must complete the survey in its entirety and in accordance with all instructions by December 31, 2021 to be eligible for gift card offer. Only one gift card, valued at $25, will be given per individual while supplies last. Employees of any governmental entity are not eligible to participate in this offer. No returns or exchanges. Offer is valid through December 31, 2021. Other restrictions may apply.
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.
Experience Lexis+