What are RECs in a Phase 1?
The Phase 1 Environmental Site Assessment investigation may uncover recognized environmental conditions also called RECs. These are hazardous substances that exist(ed) on the property which may have been released, into the environment.
What does a Phase 1 environmental report consist of?
While not part of ASTM requirements, Phase I ESA reports typically include a discussion of observed suspect asbestos containing materials (ACM), potential lead-based paint (LBP), and mold growth; as well as the potential for lead in drinking water and radon.
What is a rec on an environmental report?
Recognized Environmental Concern (REC) is one of the terms used to identify environmental liability within the context of a Phase I Environmental Site Assessment. “A de minimis condition is not a recognized environmental condition.”
What is recs short for?
RECS
| Acronym | Definition |
|---|---|
| RECS | Records |
| RECS | Renewable Energy Certificate System (Europe) |
| RECS | Residential Energy Consumption Survey |
| RECS | Real Estate Cyberspace Specialist (Real Estate Cyberspace Society) |
How long is a Phase 1 Environmental Assessment Good For?
one year
The simple answer is one year – if the Phase I ESA was completed more than 365 days ago then it must be re-completed as it is no longer valid. If the Phase I ESA was completed between 180 and 365 days the Phase I report must be updated where necessary.
Is asbestos a recognized environmental condition?
Asbestos is a condition outside the scope of ASTM E1527-13 and is not considered a recognized environmental condition (REC).
What is rec engineering?
Recognized Environmental Condition (environmental, geoscience, and engineering) REC.
Is RECs short for recommendation?
The best way to abbreviate Recommendation or Recommend is REC or sometimes just R. (but mainly this word is better to be abbreviated with the word that follows it. for example “the recommendation standard” can be abbreviated as the RS.)
What are the RECs in a Phase I ESA?
I foolishly though everyone knows what an RECs in a Phase I ESA were, but turns out, that’s not the case. When we do a Phase I site assessment for someone, one of our main jobs is to evaluate the presence of a Recognized Environmental Condition (REC) at or near the property in question.
What is a Phase 1 Environmental Site Assessment?
One of the many components of a Phase 1 Environmental Site Assessment is a regulatory agency database report. This is a lengthy document that provides a compilation of digitally available regulatory files at the subject property, as well as it’s surrounding areas.
What is a Phase 1 ESA in real estate?
It is often referred to as a Phase I ESA or Phase I Environmental Assessment, and can be part of the real estate due diligence process. To start, a Phase 1 ESA rigorously studies the historical and current land-uses of a property. Additionally, it documents the likelihood of contamination from that history.
What shouldconsumers know about pricing for Phase I Environmental Site Assessment?
Consumers should be aware of fair industry pricing of a Phase I Environmental Site Assessment reports. Case Example (The Year 2018, Los Angeles, CA): Company-A is commissioned to conduct an environmental review on a property. Company-B prepared a low-cost Phase I Environmental Assessment report on the same property two years before.