Buying a Tourism Business in Gambia: Bars, Restaurants, Hotels
Contaminated Land
This concept is governed by a statutory framework, the most
relevant being the introduction of new regulations into Part
IIA of the Environmental Protection Act 1990 by the Environment
Act 1995. These regulations impose a clean up liability where
land is contaminated by substances that are causing, or likely
to cause, significant harm or water pollution.
The Local Authority is primarily responsible for taking regulatory
action and identifying contaminated sites. In general terms
the liability for clean up falls upon the persons who have
caused or knowingly permitted the 'pollution'.
Prior to purchasing an interest in land, detailed investigations
into contamination are usually carried out by an environmental
consultant. Thereafter, a valuer will have to have regard
to the contents of any environmental report in as much as
it may affect the value of an interest in the subject property.
A bank or mortgage company will often require that an environmental
assessment takes place as a condition of the loan.
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