When buying or selling commercial property, it is prudent to determine whether there are potential environmental issues lurking under the ground.? Generally, the Purchaser and Seller can negotiate who pays for costs of remediation, timing, environ-mental cleanup costs, and the state of the property to be purchased at closing.? When environmental issues are identified, the parties should seek legal counsel to advise them on these issues, as well as state and local environmental laws. Goosmann Law Firm, PLC Attorney Emilee Boyle Gehling outlines?common issues related to buying or selling commercial property here.
Source: http://www.goosmannlaw.com/handling-environmental-inspections-in-commercial-real-estate/
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