What environmental laws apply to commercial real estate transactions?
When conducting a commercial real estate transaction in the state of Washington, you must comply with various environmental laws. These laws are in place to protect the environment and ensure that property owners and developers are aware of the potential impacts their actions could have on the environment. The Washington Environmental Policy Act (WEPA) is the main environmental law that applies to commercial real estate transactions in Washington. This act requires that developers assess the potentially significant environmental impacts a project may have, and provide the public with an opportunity to comment on the project. The State Environmental Protection Act (SEPA) also applies to commercial real estate transactions. This act requires a developer to obtain a certification from the Washington Department of Ecology that the project is not expected to have a significant environmental impact or that the impact is being addressed. The Stormwater Management Act is another law that applies to commercial real estate transactions in Washington. This act requires developers to develop a plan to reduce the amount of stormwater discharged from a project, as well as to install infiltration facilities and other runoff control measures. Finally, the Clean Water Act is a federal law that applies to all commercial real estate transactions in Washington. This act protects the quality of the waters in Washington and requires developers to obtain a permit from the Washington Department of Ecology before discharging pollutants into the water. These are just a few of the environmental laws that apply to commercial real estate transactions in Washington. It is important to comply with these laws to ensure that commercial real estate transactions are conducted responsibly and that the environmental impacts are taken into consideration.
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