Phase I Due Diligence Triage
Apply the all-appropriate-inquiries frame to decide whether to close, investigate, or renegotiate.
A buyer is under contract for a former dry cleaner site. The Phase I draft notes a historic solvent release next door, no soil vapor data, and a 10-day closing deadline. All Appropriate Inquiries triage: identify the environmental condition, test migration relevance, tie the finding to deal consequences, and choose a risk treatment. The common trap is to dismiss contamination because it began offsite or to demand broad testing without linking the request to liability, lender, use, or contract rights. Name the condition Extract the consultant-s actual finding: historic chlorinated-solvent release next door, possible migration pathway, and no vapor data.…
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