Purchasing a piece of property for commercial use may be an exciting step in the establishment or expansion of your business. You have many factors to consider. The size of the property, its location and zoning issues are all items to consider before you sign a purchase agreement.
One thing you may not realize is that many New Jersey commercial properties have histories that are not so pristine. In fact, it has only been recently that environmental law has curbed some of the practices for using, storing and disposing of hazardous materials a business might use. For this reason, you will want to take every precaution to exam a property you may purchase to ensure it is not contaminated. Once you purchase a property with environmental risks, you may become responsible for a very expensive cleanup.