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Why
Order an Environmental Report in Commercial Transactions?
Advising
your client to purchase an environmental report is your standard
practice in residential transactions. It should be for commercial
properties also, as the following article from Landmark Information
Group explains.
The
Commercial Property Marketplace
Demand
for office space is rising at the fastest pace for 41/2
years, according to the latest 2005 RICS Commercial Property market
survey. High street office and retail space and out of town light
industrial units are all driving the volume of commercial transactions.
The
thirst for space, especially in rejuvenated urban centres like Leeds,
has meant that brownfield sites with past industrial use are now
being occupied by commercial builds. These require careful attention
to identify potential contamination, meaning that there has never
been a greater need to ensure that commercial purchases include
an environmental report every time.
Environmental
risks could affect commercial transaction, incurring potentially
greater cost to the client and should be at the heart of due diligence
every time.
Sitecheck
represents the most comprehensive and flexible range of reports,
suitable for all sizes of commercial transactions and carefully
addresses the needs of the market.
Environmental
Risks & Commercial Business
The
Law Society Warning Card, published in 2001, states that all legal
professionals should advise clients to consider environmental risk
in all cases - residential and commercial. More and more sites are
being redeveloped in old industrial estates and edge of town locations
where historic land use will be a key factor.
Think
about the impact on business:
Damage to property from flooding.
Removing contamination from the car park.
Health and Safety issues affecting the workforce
The
solicitor should highlight these issues and provide the best backup
from a full environmental assessment.
Sitecheck
- Suited to all all Commercial Conveyancers
The
majority of legal professionals conduct both residential and commercial
transactions. They may have different specialisms and may focus
on prestige sites, multiple units or individual retail and light
industrial locations.
Sitecheck
provides a truly flexible offering, with comprehensive reports suitable
for all transactions.
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