Appropriate Inquiries in Commercial Real Estate Due Diligence: What You Need to Know
What are All Appropriate Inquiries?On November 1, 2006, the US Environmental Protection Agency (EPA) adopted an “all appropriate inquiries” (AAI) rule. AAI is the process of evaluating a property’s environmental conditions and assessing potential liability for contamination. This AAI rule codifies new requirements for conducting environmental due diligence inquiries in all transactions that involve commercial […]