Abstract
Environmental liabilities can have a huge impact on the value of a property and their remediation can come at significant cost. This is not just an issue confined to the due diligence process at acquisition: landlords and tenants of leased property may also find themselves burdened with expensive and unforeseen dilapidations liabilities, sometimes years down the line. This paper sets out several case studies, providing examples of real-life scenarios which serve to outline the need for a thorough and pro-active approach. Building surveyors have long been alert to the presence of invasive species and asbestos — but they need to also be aware of broader contamination issues (albeit at a basic level) and know when the specialist input of an Environmental Consultant is required.
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