Potential Environmental Liabilities With Industrial Properties in the United Kingdom

Topics:
Strategic Leasing
Tags:
Capital Structures,
Finance,
Investment,
Operational Accounting,
Property
Source:
Sheffield Hallam University

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Overview: This report introduces a new 'contaminated land' regime, imposing 'strict liability' and raising issues for everyone involved in leasing and managing industrial properties, having potentially adverse effects on both income and value. It provides guidance on the valuation of properties affected by contamination (RICS, 1995), as well as the role and responsibilities of the surveyor when undertaking property inspections (RICS, 2000). This study examines practices and identifies areas where changes may be needed in order to arrive at 'best practice'.

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Format: PDF | Size: 177KB | Date: Jan 2004 | Pages: 14

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