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| Common Sense Solutions, LLC is an environmental consulting firm located in Washington, D.C. that provides cost-effective, common sense solutions to environmental problems. Our clients are in need of wetland creation, river bank erosion control, eco-system restoration, brownfields and recreation planning, real property transfer analysis, innovative technology representation, hazardous waste and petroleum remediation, training and lobbying. We also provide courtroom testimony and expertise in new technologies, remediation, brownfields planning, and natural resource analysis. Our staff has worked extensively in these areas for over 28 years. |
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Real Estate Transfer Assessments
Effective November
1, 2006, the EPA "All Appropriate Inquiry" (AAI) rule goes
in effect. The AAI rule references the American Society for Testing
and Materials (ASTM) Standard Practice 1527ˆ "Standard Practice
for Environmental Site Assessments." The ASTM 1527 Standard has
been the recognized method for conducting real estate environmental
assessments since 1993. Compared to the current standard, the AAI rule
will require: New Property Owner Defenses: Parties (including recipients of Brownfield grants) who want to seek a defense to Superfund (CERCLA) liability must comply with a number of requirements outlined in CERCLA and the Brownfield Act. One of these is performing "all appropriate inquiry" to determine the potential for environmental liabilities to exist on a property Under the Brownfield Amendments, qualifying for one of the Landowner Liability Protections will require demonstrating compliance with the AAI rule. Impacts to Your Property Purchase Will
Your Company Need to Comply with AAI? Well, are you seeking
Superfund liability protection? Then the answer is YES. If you are performing
the due diligence for business reasons alone, then the answer is most
likely, NO. However, most financial institutions already require compliance
with the ASTM standard; therefore, the updated AAI compliant version
1527-05 standard will most likely remain the accepted standard. The
AAI rule was designed to limit unknown long-term liability. Consequently,
the AAI rule and updated ASTM Standard process will require more comprehensive
investigation, interviews, and documentation.
For
more information call:
1-800-759-9170 |
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