Exploring past conditions to ensure a smooth present
A Phase 1 environmental report in Kelowna , BC, is essential for identifying potential contamination on a property before it is financed, purchased, or developed. It offers a historical analysis of how the land has been used and a list of environmental red flags that might influence the property’s value, safety or future use. The investigation procedure for a Phase 1 environmental report in Kelowna is comprehensive yet non-invasive. It features a comprehensive site visit, evaluation of local and federal government environmental databases, and interviews with persons who were involved with the property in the previous or present capacity. The goal is to see if any activities - chemical storage or an industrial process, among them - may have interacted with soil and groundwater. This is particularly relevant in business and commercial real estate transactions. It’s frequently required as part of due diligence because lenders and investors require it becau...