Eisenbach & Ruhnke - Transaction Screening Assessment

3.0 Transaction Screening Assessment

The Transaction Screen Assessment (TSA) is a simplified version of the Phase I ESA and is usually prepared by buyers on their own to determine if a full Phase I ESA and outside consultation is required.

This assessment is defined by the ASTM Standard E1528-00 and consists of a questionnaire that is filled out and is used to determine if any environmental may exist at the property. The use of this assessment is typically limited to low risk properties like agriculture and residential land with no prior industrial or commercial use. The use of this assessment alone would not qualify the buyer for the innocent landowner in the event of contamination being discovered on the property in the future.

The TSA is only a screening tool and should not be relied on solely to support an asset transfer of commercial or industrial property.