A Closure Letter is Required to be Considered ‘Clean’

A Closure Letter is Required to be Considered ‘Clean’

If you are a realtor representing a seller or a buyer of a commercial property, look for a closure letter to be certain that the environmental condition was properly addressed.  Commercial property owners will have a closure letter or a “no further action” letter by a California agency for any property that was contaminated and was properly remediated.  Closure letters can be issued by the DTSC, the California Water Board, a regional water quality control board or a local agency.  The letter shows that the property was contaminated and that the cleanup was performed under the supervision of the agency and is therefore considered restored to original value.  Ask property owners for a closure letter for any strip mall or commercial property that may have had a dry cleaner, gasoline station or automotive repair facility.  You can search for closure letters in California online or call DARA.News for assistance in finding out if a property is properly closed for environmental issues.  A Closure letter will mean that a new buyer can get financing easily and most hurdles with selling an environmentally impacted property will be non-issues in closing the deal.

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