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environmental problems

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Old Jan 13th, 2007, 01:08 PM     #1
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Default environmental problems

Country: Canada
State: Ontario

Hello,

I am entertaining the purchase of property that is currently under-going a Phase 1 environmental assessment. Regardless of the outcome of this assessment, I would like to know what conditions I can put into my offer so that I would not be held responsible should future environmental problems arise. Is there such thing?

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Old Jan 13th, 2007, 05:26 PM     #2
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Default Re: environmental problems

You can ask for an environmental indemnification--ie they will pay you if that happens--and you can hold back part of the purchase price in escrow to cover it as well if they would agree...
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Old Apr 22nd, 2008, 10:34 AM     #3
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Big Grin Re: environmental problems

you ***in suck *****
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