Chapter 6 - § 6.1 • INTRODUCTION

• Jurisdiction: Colorado

§ 6.1 • INTRODUCTION

Environmental considerations have a prominent role in the sale and lease of commercial or industrial property. Identifying and resolving environmental issues in purchase agreements and leases can take considerable time. Sellers, buyers, landlords, and tenants need to evaluate the environmental circumstances and risk of the property and structure the real estate transaction to address disclosures, due diligence, allocation of risk and liability, and the timing of environmental steps.

Typically, a transaction will progress through a number of steps toward a closing:

• Initial buyer evaluation of the property suitability and price;
• Initial negotiation or a letter of intent expressing basic terms;
• Crafting and negotiating a purchase agreement to the property and transaction

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