What is Phase II ESA?
Intrusive environmental sampling (soil borings, groundwater monitoring wells, soil-gas/vapor or building-material testing) to confirm, define, or rule out contamination after a Phase I flags RECs.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.