What are Recognized Environmental Conditions (RECs) A REC is a recognized environmental condition. According to the ASTM E 1527-13, it is defined as “the presence or likely presence of any hazardous substances or petroleum products in, on, or at a property.” Basically, a REC is any possible source of contamination. A contamination release can come from improperly functioning hydraulic machinery, improperly contained or disposed chemicals, or a leaking storage tank, to name a
A Property Condition Assessment, also known as a Property Condition Report or Commercial Building Inspection, is an evaluation of a commercial real estate asset based on a thorough inspection, including all improvements and all the systems of each building on the property. A PCA is typically ordered as part of the due diligence process when a property changes hands. A lender may request a PCA before issuing a loan, or an investor/buyer may request the assessment before purcha
ADA Requirements for Historic Properties
Under Title III of the ADA for buildings defined as public accommodations. There is no grandfather clause, Properties that were built before ADA enactment in 1990 are not exempt from its requirements.
When it comes to ADA exceptions, properties qualify as historic only if
1.They are listed on the National Register of historic places;
2. They are eligible to be listed on the National Register of Historic Places;
3. They are designated