What is a CREC Phase 1?
CREC: Controlled Recognized Environmental Condition Simply, a CREC indicates that there is known contamination on a property that is being managed by controls, such as use restriction or mitigation methods, which you are required to follow.
What does CREC stand for in real estate?
Controlled Recognized Environmental Condition (CREC)
Is a CREC a REC?
The term CREC, or “Controlled REC” refers to a REC with past releases that have been addressed, but where contamination still remains and is subject to the implementation of required activity use limitations (AULs) such as institutional or engineering controls.
What is a controlled environmental condition?
A Controlled Recognized Environmental Condition is an REC resulting from past releases of hazardous substances or petroleum byproducts. Furthermore, ASTM defines this release as one which has already undergone some assessment or remediation, with satisfactory results to oversight agencies.
What is an environmental Phase 2 report?
A Phase 2 Environmental Site Assessment or a Phase II Environmental report is a scientific test whereby geologists drill and sample soil, soil-vapor, and groundwater to test for pollution. A Phase II Environmental also follows ASTM Standards under the responsible charge of a professional geologist.
Is asbestos a recognized environmental condition?
Asbestos is a condition outside the scope of ASTM E1527-13 and is not considered a recognized environmental condition (REC).
What is the expansion of CREC?
The director of Peru’s National Port Authority, Edgar Patino, said he was unaware of any proposal by CREC to build a new port in Ilo and that a potential expansion at the current port would be awarded to a company through a public auction….CREC.
| Acronym | Definition |
|---|---|
| CREC | Clinical Research Ethics Committee |
When a seller decides to counter an offer which is true?
Question on Counter Offers: When a seller decides to counter an offer presented to him, which is true? Answer: To counter: the seller initials the original offer by the box he/she checked indicating it is countered. The seller does not sign the original offer (that would constitute acceptance).
What are examples of recognized environmental conditions?
ASTM defines the recognized environmental condition in the E1527-21 standard as “(1) the presence of hazardous substances or petroleum products in, on, or at the subject property due to a release to the environment; (2) the likely presence of hazardous substances or petroleum products in, on, or at the subject property …
Is mold a recognized environmental condition?
Just petroleum products or hazardous substances. And, those hazardous substances are explicitly defined as hazardous substances as identified by various environmental acts, such as the Clean Water Act. Meaning, something like mold isn’t included.
How long does a Phase 2 Environmental take?
Generally, the Phase II ESA will take approximately four weeks.
What is ASTM E 1527 CREC?
A relative newcomer to the ASTM E 1527 standard is the CREC, or a Controlled Recognized Environmental Condition.
What does CREC stand for?
Controlled Recognized Environmental Condition (CREC) The ASTM definition of CREC in the E1527-13 standard is as follows: “a recognized environmental condition resulting from a past release of hazardous substances or petroleum products that has been addressed to the satisfaction of the applicable regulatory authority (for example,…
What is the difference between hrec and CREC?
The CREC, as subset of the Recognized Environmental Condition (REC) category and a distinct category from Historical Recognized Environmental Condition (HREC), is intended to clarify the level of risk these sites represent.
Is CREC manageable?
A CREC is manageable if you have a clear understanding of exactly what is required of you as the owner and operator.