Mold Can Impact Real Estate Loans and Other Factors for Buildings
Mold Can Affect Home and Building Owners Financially
According to a report from Phillips Nizer LLP, a law firm based in New York: “Financial lenders also have been sensitized to the mold issue and may require property-owning borrowers to make some or all of following representations and warranties:
“1. The subject premises currently display no evidence of water infiltration or water damage;
2. There are no prior or current complaints (leaks, odors, etc.) by tenants at the premises;
3. The subject premises currently display no evidence of conspicuous mold growth;
4. The subject premises are in compliance with any applicable building code currently in effect in the state where the property is located.”
Further, “more and more commercial transactions involve due diligence to evaluate buildings for the actual or potential presence of mold contamination. Environmental representations and warranties in transactional documents have been expanded to include mold/fungi/bacteria within the more traditional definitions and requirements affecting hazardous wastes and contaminants.”
Building Cleaning Services has more than a decade of experience in the field of mold remediation. The company urges building owners to schedule an inspection immediately upon sighting of mold or the signs of mold in a building. BCS does not do the inspections itself, but relies upon independent testing both to determine the need for remediation and clearance of it, once remediated.
The company has worked successfully with Los Angeles mold remediation with many cases. One of the company’s clients stated: “[They] are such wonderful people. BCS cleans our offices during the week, but when we discovered that we had a black mold problem, I was happy to learn that they also do mold remediation. They were SO professional, informative, & responsive. It was an absolute pleasure working with them and easy on our end. I would highly recommend this company to anybody and will continue to use their services when needed.”
Building Cleaning Services' other reviews on Yelp can be seen at http://www.yelp.com/biz/building-cleaning-services-glendale
BCS provides water damage handling and mold removal services for the Greater Los Angeles area, and other areas of Southern California. Established in 1997, they have over a decade of experience as a company with fast service, high professionalism and work ethic. BCS is certified by the Institute of Inspection and Cleaning and Restoration and Environmental Testing & Technology. To learn more, visit http://www.BuildingCleaningServices.net, or call 818-953-7100 or e-mail email@example.com.
Building Cleaning Services
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