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Why it matters

An HREC is a closed issue with no remaining restrictions. It still appears in the Phase I because it is part of the property's history. If standards change or new information appears, the status can be revisited.

Source: store.astm.org

Related terms

Recognized Environmental Condition (REC): A recognized environmental condition is the presence, likely presence, or material threat of a future release of hazardous substances or petroleum products at a property due to a release to the environment.
Controlled Recognized Environmental Condition (CREC): A controlled recognized environmental condition is a recognized environmental condition addressed to the satisfaction of regulators, with contamination left in place subject to required controls such as activity and use limitations.
Phase I Environmental Site Assessment: A Phase I Environmental Site Assessment is a records review, site visit and interview process, performed under ASTM E1527-21, that identifies recognized environmental conditions at commercial real estate without sampling soil or water.

Full glossary

Historical Recognized Environmental Condition (HREC)

Why it matters

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