environmental problems

This is a discussion on environmental problems within the Buying & Selling Property forum, part of the REAL ESTATE & PROPERTY LAW category; Country: Canada State: Ontario Hello, I am entertaining the purchase of property that is currently under-going a Phase 1 environmental ...

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Old Jan 13th, 2007, 01:08 PM   #1
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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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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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Old Dec 15th, 2008, 03:23 AM   #4
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Default Re: environmental problems

Hi Friend's
Plastic, radioactive substances, non degrading substances are the most hazardous environmental problems.


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Last edited by larsen; Jan 1st, 2009 at 12:57 AM.
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