ASTM E 1528 Standard Practice for Limited Environmental Due Diligence: Transaction Screen Process
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ASTM E 1528 Document Information:
Title
Standard Practice for Limited Environmental Due Diligence: Transaction Screen Process
ASTM International
Publication Date:
Feb 1, 2006
Scope:
Purpose—The purpose of this practice is to define good commercial and customary practice in the United States of America for conducting a transaction screen2 for a parcel of commercial real estate where the user wishes to conduct limited environmental due diligence (that is, less than a Phase I Environmental Site Assessment). If the driving force behind the environmental due diligence is a desire to qualify for one of the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) Landowner Liability Protections (LLPs), this practice should not be applied. Instead, the ASTM Practice E 1527 for Environmental Site Assessments: Phase I Environmental Site Assessment Process, may be used.
NOTE 1—The user is advised that this practice will not satisfy the practices that constitute all appropriate inquires into the previous ownership and uses of the property consistent with good commercial or customary practice as defined in 42 U.S.C. §9601(35)(B) to establish the CERCLA LLPs.
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