article thumbnail

Phase l Assessments for Tenants are the Hottest Environmental Issue in 2020

Green Building Law Update

The Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA, commonly referred to as Superfund), 42 U.S.C. provides an important liability protection, including from cleanup costs, for parties who qualify as bona fide prospective purchasers (BFPPs). 9601 et seq., 9601 et seq.,

Liability 156
article thumbnail

I Just Read my 1000th Phase I Environmental Site Assessment this Year

Green Building Law Update

The Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA, commonly referred to as Superfund), 42 U.S.C. provides an important liability protection, including from cleanup costs, for parties who qualify as bona fide prospective purchasers (BFPPs). 9601 et seq., 9601 et seq.,

Site 156
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HRECs in a Phase l are Not Recognized Environmental Conditions

Green Building Law Update

By way of background, a Phase I environmental site assessment is the process of evaluating a property’s environmental conditions and assessing potential liability for contamination. History says, ‘see you later.’”. And in another blog post last month, I wrote, I Just Read my 1000 th Phase I Environmental Site Assessment this Year.

Liability 156
article thumbnail

Buying a LEED Certified Building Is Easy But.

Green Building Law Update

The standard of care today has evolved such that in a contract of sale for a commercial building that is LEED Certified, the due diligence materials provided by the seller to the purchaser must include access to the LEED Online project registration or a copy of the entire LEED Online project file (that can be downloaded).

Agreement 176
article thumbnail

Construction Bookkeeping Unique Features

Contractor Bookkeeping

Assets - Liabilities) = Equity. -. Chart of Accounts Insurance Liability. Chart of Accounts Leases. Chart of Accounts Insurance Liability. Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Leases. Chart of Accounts Triple Net Leasing Costs. Chart of Accounts Payroll Tax Liabilities.

article thumbnail

PACE Bill Due in Baltimore City

Green Building Law Update

Baltimore is proposing to allow the PACE financing of any equipment, device or material intended to improve energy efficiency, including in new construction (e.g., Baltimore is proposing to allow the PACE financing of any equipment, device or material intended to improve energy efficiency, including in new construction (e.g.,

Baltimore 120
article thumbnail

How to Get Paid on New Jersey Public Projects

Levelset

For bond claims, preliminary notice must be given prior to the commencement of work, whereas for a lien on contract funds notice must be served no later than 20 days after the date of first furnishing labor and/or materials to the project. Preliminary notice requirements. The same information applies to lien on contract funds claims.