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Does the Size of a Property Matter When It Comes to Doing Due Diligence?

Does size matter? I often hear from clients that they aren’t concerned about the potential environmental liability for properties that are particularly small. The problem is, that in the instance of liability on a property that is contaminated, it doesn’t matter whether a property is 0.5 acre by 10 feet or several acres. Contamination clean up cost is based on the amount of contamination and type. Frank Romeo of Partner gives a clear understanding of the needs for doing your environmental due diligence on any size and type of property in his GlobeSt blog, The Environmental Assessment and the Acquisition. As Jenny Redlin of Partner has previously written as well, You Don’t Always Know What You Don’t Know.

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