Property Management and Hazardous Waste Risk
Ferguson, Jerry T., Journal of Property Management
The responsibilities of professional property management have grown along with the legal obligations of property owners. One example is the manager of owner liability because of a tenant's improper hazardous waste disposal on the leased premises. Ever since 1984, when the Environmental Protection Agency (EPA) successfully sued the Monsanto Company for the acts of its tenants, lessors have attempted various ways to avoid, transfer or minimize the liability risk.
Property managers need to be aware of the extent of this risk and the limits of the methods used to handle it. Often, they may have to persuade a reluctant owner that the expenses to manage the risk are necessary. In …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Property Management and Hazardous Waste Risk. Contributors: Ferguson, Jerry T. - Author. Magazine title: Journal of Property Management. Volume: 60. Issue: 4 Publication date: July/August 1995. Page number: 24+. © 1999 National Association of Realtors. Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.