Updates
May 03, 2007
Minimizing Your Environmental Liability Risk from Real Property Acquisitions in New Jersey
Once a contaminated site is successfully remediated, the New Jersey Department of Environmental Protection (“NJDEP” or “Department”) will issue a No Further Action letter (“NFA”). The NFA constitutes the NJDEP’s written determination that the remediation has been completed to the satisfaction of the NJDEP in accordance with the Technical Requirements for Site Remediation, N.J.A.C. 7:26E (“Tech Regs”), and any other applicable requirements. An NFA may cover either the entire property or only a portion of the property. Since January 6, 1998, every NFA issued by NJDEP must be accompanied by a Covenant Not to Sue or “CNS” (see N.J.S.A. 58:10B-13.1(a)).
Click on the PDF link above to read the full update.
Click on the PDF link above to read the full update.
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