To protect themselves from having to pay for hazardous waste cleanup for waste generated by a previous owner, many potential property buyers have a(n) ____ performed on the property they wish to purchase.

Question

Quizplus · Accepted Answer

An environmental audit is a thorough investigation and evaluation of the potential environmental liabilities associated with the property. It is designed to identify any hazardous materials, assess the risks posed by those materials, and determine the cost of cleanup and remediation, if necessary. This type of assessment is commonly used by potential property buyers to protect themselves from being held financially responsible for the cleanup of hazardous waste generated by a previous owner.

To Protect Themselves from Having to Pay for Hazardous Waste