Environmental Easement
NYSDEC describes that when a completed site has a future use other than "Unrestricted," an environmental easement is required as part of the remedy governance, tied to the Certificate of Completion framework. Environmental easements function to enforce restrictions and obligations associated with remaining contamination and site controls.
- Where it applies
- New York State
- When it comes up
- Remediation completion; post-remedy compliance
- Property types
- Brownfield and some State Superfund sites with controls
In practice
Environmental easements are long-tail compliance objects - operators should integrate them into asset management and future sale/financing diligence packages.
Related terms
Environmental and Due Diligence
- Action (SEQRA)
- All Appropriate Inquiries (AAI)
- Brownfield
- Brownfield Cleanup Agreement (BCA)
- Brownfield Cleanup Program (BCP)
- Certificate of Completion (COC)
- City Environmental Quality Review (CEQR)
- Conditioned Negative Declaration (CND)
- Decision Document
- Determination of Significance
General information, not legal, tax or financial advice.