ASTM E1527

ASTM E1527 is a standard guideline used to assess properties for potential environmental contamination, mainly focusing on land and buildings. It helps identify issues like hazardous substances or spills that could affect property value or safety. The process involves reviewing historical records, collecting environmental information, and visually inspecting the site. This standard is crucial for real estate transactions, especially in "brownfield" redevelopment, ensuring buyers and lenders understand any environmental risks before proceeding. It does not include detailed testing but provides a thorough initial assessment aligned with legal and industry best practices.