Will Asbestos Impact Your Next Deal?

Urban infill. It’s the trend these days. As older buildings are getting demolished or renovated, there is heightened attention on asbestos-containing building materials.

Asbestos was commonly used in building construction until the 1970s, when certain asbestos-containing building materials were banned by the EPA. It is estimated that 35 million homes, schools and businesses still contain asbestos. An asbestos inspection is a non-scope consideration under an ASTM E1527-13. However, there are a number of important reasons to include an assessment of asbestos risk in the scope of environmental due diligence.

  • Increased OSHA and state environmental regulations and
    enforcement
  • Worker and occupant safety
  • Liability minimization
  • Properly identifying all potential risks and remediation costs during due diligence
  • Avoiding unnecessary and costly delays during demolition/renovation

A small amount of investigation on the front end can help avoid costly ramifications on the back end. Make sure you are working with someone who is providing a true consultative approach with your due diligence projects.

Click here to see a full copy of our 2020 Real Estate Perspectives Brochure!

"Mid-Atlantic Associates has been a valued source of environmental knowledge and guidance for our company for more than 15 years. Their staff is up-to-date on all environmental areas. Concerning regulation and liaison with governmental authorities, they are on a first name basis with departmental heads. This often eliminates most of the "red tape" generally associated with dealing with government agencies. When we need assistance, we always call Mid-Atlantic."