Environmental/Hazardous Materials

Submitted by SC-admin on September 30, 2013

Today most commercial real estate leases contain provisions for environmental protection and maintenance of the prpoerty. The tenant is usually indemnified for prior acts before thier occupancy.  The main concern is if the tenant brings in hazardous materials without permission from the Landlord, and it damages the industrial or commercial real estate property. This is a complicated matter due to very expensive clean up costs and who actually damaged the rental property.

"Lee's knowledge of the marketplace, contacts and relationships in the industry made him a very desirable employee for The Watt Companies."
Ray Watt