by Purchasing contaminated land can prove to be a very poor investment as it could be hazardous for any persons that later resided upon it and even to the environment as a whole. Land like this has normally been previously used by companies that did not have proper waste disposal facilities or processes,these making the land risky to live or work on. This normally only comes to light once the industry has closed down. All of this makes checking any land you are considering purchasing for contamination before investing in it. The processes for this are relatively straightforward,but it is important that they are followed in full.
It is a shameful fact that many cities and towns have sites that were previously used by industries that produced pollutants of some sort. The problems however are only coming to light now,the regulations in place today being much more stringent that those in the past. Land of this sort is as “brownfield” sites and often have buildings that are now abandoned. The good news is that it is possible to restore the land to health,thus making it fit for residential use.
Land pollution can lead to the loss of topsoil as well,which in turn reduces its ability to sustain any agricultural use. One reason for this is that irrigation was incorrectly used,or by the excessive use of chemicals. Chemical dumping or spills are the top reasons for land pollution and soil contamination. Besides this sewage leaks,leaks from fuel tanks,and asbestos can also lead to ground being contaminated.
It is therefore easy to see that it is vital to understand the history of the land and its previous users / their activities before you purchase it,as these provide you with an indication of the possibility of land contamination. The checks are known as environmental searches and are normally carried out by conveyancing solicitors,the purpose being to find out if there are any issues that can affect the value of the land being offered for sale. Such searches include historical mapping of the land,records of land use,as well as other data that could identify any other factors that may cause concern. If any contamination of the land or property,is found,then the buyer can take this into account when offering to buy the land. It could well be that the cost of restoring the land could be quite high,which makes it all the more important to take this into account when buying land. It is also important to understand how the properties nearby were used in the past,as contamination on that land could leak into the land that is being purchased through the contamination of groundwater.
If any of the buildings on the land are going to be re-purposed,it is also vital to check for mold and dampness,because if the building was derelict for too long,it could also prove to be a source of contamination. This would be another thing that would need attention before the property can be made usable once again.
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