Land Transactions

The Environmental Management Act makes clear that caveat emptor (buyer beware) applies to transactions involving contaminated land. This legislation also provides a mechanism whereby the risk of liability can be reduced through a staged investigative process described at Site Investigation. Following this process permits a buyer to qualify for the `innocent acquisition exemption.` Buyer concerns are so prevalent that sophisticated vendors normally undertake investigations of suspect properties before listing them for sale. This initiative avoids disappointment when a prospective buyer expresses concern over possible contamination, and permits an opportunity to address or plan remedial options. Next Environmental specializes in land transactions and has extensive experience investigating properties following Ministry of Environment requirements.