Definition: Investigation of a property's environmental conditions, history, risks, and obligations before a transaction or other decision.
Example
A buyer commissions an appropriate environmental review before purchasing a former industrial property.
Keep the distinction clear
Due diligence is broader than simply obtaining one report. Scope, timing, follow-up investigation, and continuing obligations affect the usefulness of the review and any legal protections.
Related terms
Risk · Material Fact · Environmental Impact Statement (EIS)
Keep studying
References: EPA: All Appropriate Inquiries
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