What is a recognized environmental condition?
ASTM defines the recognized environmental condition in the E1527-13 standard as “the presence or likely presence of any hazardous substances or petroleum products in, on, or at a property: (1) due to release to the environment; (2) under conditions indicative of a release to the environment; or (3) under conditions …
What is a recognized environmental condition in a Phase I ESA?
A Recognized Environmental Condition, or REC, is a term used in a Phase I ESA report to identify a particular, potential environmental impairment on a property. However, finding a REC, HREC or CREC in a report is no reason to panic if you have a grasp of what they mean for your transaction.
What is considered a REC?
Definition of Recognized Environmental Condition
Central to the definition of a REC is the occurrence of a “release” whereby hazardous substances or petroleum have entered on-site or off-site soils or groundwater or some other media.
What is a historical recognized environmental condition?
A Historical Recognized Environmental Condition (HREC) refers to a past release that has been remediated to below “residential” standards and given regulatory closure with no use restrictions.
What are examples of environmental conditions?
Environmental Conditions means the state of the environment, including natural resources (e.g., flora and fauna), soil, surface water, ground water, any present or potential drinking water supply, subsurface strata or ambient air.
What is a BER in an environmental report?
Business Environmental Risks (BERs)
What is a phase one environmental assessment?
Identifies potential or existing environmental contamination liabilities. A Phase I Environmental Site Assessment, commonly referred to as an ESA, or Phase I ESA, is completed to research the current and historical uses of a property as part of a commercial real estate transaction.
What is a vapor encroachment condition?
The ASTM definition of a Vapor Encroachment Concern or “VEC” is “the presence or likely presence of chemical of concern vapors in the subsurface of the target property caused by the release of vapors from contaminated soil and/or groundwater either on or near the target property.”
What is a rec recognized environmental condition?
A Recognized Environmental Condition (a REC) is “the presence or likely presence of any hazardous substances or petroleum products in, on, or at a property: (1) due to any release to the environment; (2) under conditions indicative of a release to the environment; or (3) under conditions that pose a material threat of …
Is a data gap a REC?
if not reviewed, is it a REC? is it a data gap? Answer: Regarding Questions #1, Yes, and that is a requirement under the current E1527-05 HREC definition.
What is a de minimis condition?
De minimis condition is defined by ASTM as “a condition related to a release that generally does not present a threat to human health or the environment and that generally would not be the subject of an enforcement action if brought to the attention of appropriate governmental agencies.” A de minimis condition is not …
Is a dry cleaner a REC?
Studies have shown that approximately 75% of all dry cleaners have some level of contamination. … As a result of these factors, EPs often list the former or current presence of a dry cleaner as a Recognized Environmental Condition (REC) in a Phase I.
What is an environmental Phase 2 report?
A Phase 2 Environmental Site Assessment or a Phase II Environmental report is a scientific test whereby geologists drill and sample soil, soil-vapor, and groundwater to test for pollution. … A Phase II Environmental also follows ASTM Standards under the responsible charge of a professional geologist.