Environmental due diligence in real estate transactions: industry and proposed legislative guidance

Autor: James C. Mauch, John H. Lange
Rok vydání: 1993
Předmět:
Zdroj: International Journal of Environmental Studies. 44:29-37
ISSN: 1029-0400
0020-7233
DOI: 10.1080/00207239308710844
Popis: Various industrial groups and governmental bodies have attempted to define a standard of practice for environmental assessments. This paper discusses the difficulty in establishing a standard of practice and presents various attempts that have been undertaken in developing due diligence criteria. The liability associated with inadequate environmental assessment/audits and the difficulty in selecting investigation criteria for lending institutions, buyers and sellers are discussed. A review of the current legislative solution for clarification of the due diligence issue is presented.
Databáze: OpenAIRE