Looking Out for CERCLA in Real Estate Transactions
By Adrian ReynaFebruary 22, 2024 Hazardous substance liability under the Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”) can be a costly and unforeseen consequence of purchasing a property. However, purchasing parties to a real estate transaction may qualify for an exemption to CERCLA liability if they satisfy certain requirements, including conducting environmental due diligence…
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