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Sara, an Ohio buyer, asks her agent whether she should conduct an environmental assessment before purchasing a residential property in a suburban neighborhood. Under Ohio practice, when is an environmental assessment typically recommended?

Correct Answer

B) When there are indicators of potential contamination, such as proximity to industrial sites, prior commercial use, or the presence of underground storage tanks

Environmental assessments are typically recommended when there are indicators of potential contamination. For standard suburban residential properties with no history of commercial or industrial use, a Phase I assessment is not typically needed.

Answer Options
A
For every residential property purchase regardless of location or history
B
When there are indicators of potential contamination, such as proximity to industrial sites, prior commercial use, or the presence of underground storage tanks
C
Only for properties valued over $500,000
D
Only when the Ohio EPA specifically requires it for the property

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Related Topics & Key Terms

Key Terms:

environmental_assessmentrisk_indicatorswhen_recommendedohio_disclosures
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