Transaction Screen Assessment (TSA)
Transaction Screen Assessment reports adhere to the American Society of Testing & Materials Standard E-1528-06 for Limited Environmental Due Diligence: Transaction Screen Process (TSA report). Most lenders no longer accept these reports to meet their due diligence requirements, based on the new EPA Phase 1 Environmental Site Assessment standard. However, these reports can be useful as an initial screen on low-risk properties.
Our TSA reports include:
1. Inspection of subject property
TSA reports are limited in nature and no longer meet the regulations required for the "Landowner's Liability Protection." However, some lending institutions still use these reports to assess environmental risk for low-risk properties prior to underwriting a loan. A more affordable Environmental Desktop Review is discussed below.
Environmental Desktop Review
AAI's Environmental Desktop Review report includes the following:
1. Review of an environmental database
These risk analysis reports are used by some lenders or property buyers for low-risk properties where the history of the property is known. For many of our customers the Desktop Review is a viable alternative. If the need for a full Phase 1 Environmental report is determined during the Desktop Review, then the data obtained can be used for the Phase 1 upgrade. The Environmental Desktop Review reports are conducted for low-risk sites.